Paper 2

Question 1

Globalisation

Answer 1

Globalisation describes the way in which the world has become more interconnected

Question 2

Decline of old economy

Answer 2

Manufacturing industry has gone down due to companies outsourcing to cheaper countries

Question 3

Deindustrialisation

Answer 3

The decline of manufacturing within a country

Question 4

Decline in old economy

Answer 4

There has been a decrease in the amount of manufacturing taking place in the country and a growth in the tertiary and quaternary sectors.

Question 5

Rise of the new economy

Answer 5

The UK has now entered a post-industrial era. This is a time when traditional industries have declined and new jobs have had to take their place.

Question 6

Servie industries growing

Answer 6

The service sector makes up about three-quarters of the UK’s economy. Services can include a range of job types, eg healthcare, IT support and entertainment

Question 7

Quartenary sector rising

Answer 7

Financial jobs are to do with money. In the UK, these types of jobs include accountancy, working in banks and building societies, financial planning, insurance, investments and pensions