Paper 2: Changing Economic World - UK economy Flashcards
quaternary industry
-provide information services
industrial economy
economy that is dominated by secondary industry
-exapnsion of tertiary
post industrial
-dominated by service sector
-jobs are highly skilled
deindustrialisation
decrease of traditional industries such as labour intensive farming
effects of unemployment
-lower qol
-negative multiplier effect
-less investment in services
globalisation
process of interaction/integration between ppl, companies and governments world wide
positive impacts on UK economy
-migration
-economic growth
-cheaper goods
-foreign investment
-high value production
negative impacts on UK economy
-less manufacturing
-outsourcing jobs
-inequality
IT in UK
- 1.5 mill jobs
-worth 59 bill a yr
-100 000 companies operate in uk a yr
-require degree
-high tan avreage pay
cyber security market
worth £2.8 bill a yr
finance
linked to flow/ transfer of money
-600 000 jobs in uk
employers of finance
barclays HSBC
finance workers
-highly skilles
business parks
-offices cluster together
-financial help from government
-employ ceos or research workers
-high paid workers - manager
service industry
-make 3/4 of uk economy
-second largest exporter of services (education/tourism)
-positive multiplier effect
UK’s biggest employer
NHS
-1.4 mill employees
science parks/ research
-labs close to unis
-89 science parks in UK
-research industries
-high skilled
cambridge science park workers figure
7500
brownfield site
had another purpose
-decline in secondary industry
-
Energy fossil fuel consumption
-manufacturing/ power generation
-burning of fossil fuels
-releases co2
-climate change
air pollution
-sulphur dioxide (waste product)= acid rain
-contaminates soil/water
-plants die
-erode stone on buildings
-causes human eye irritants
landfill
-toxins leak into sites
-contaminate eco systems
-methane is produced by rotting products
water supply depletion
-manufacturing = lots of water
-challenge in time of drought
tertiary industries use water for
green spaces
-bathrooms
water pollution
-toxins from factory seep into rivers
-eutrophication
eutrophication
-algae grows on surface
-blocks light
-reduces photosynthesis
-less o2
-aquatic life die = decompose = co2
Cambridge science park: trees
-more biodiversity
-habitats
-reduce co2/carbon footprint
Cambridge science park: solar panels
Cambridge science park: efficient heating
-less use of energy