Sectoral Transition Flashcards
1
Q
What was the base of the UK economy pre1750?
A
Pre industrial (primary)
2
Q
What happened in 1750 and what did I this lead to in 1841?
A
Rapid growth of industry
Led to 1841– 36% secondary, 33% tertiary, 22% primary
3
Q
What occurred in 1970?
A
Widespread deindustrialisation due to global shift— outsourcing of manufacturing operations to lower cost economies such as SE Asia (China) in search of greater profits
4
Q
What was the UKs economic structure in 2022?
A
18% secondary, 70% tertiary and 0.7% primary
