State of the economy-New industries Flashcards
1
Q
What made ‘new industries’ different from traditional industries e.g. staples?
A
They used modern technology
2
Q
What were the three main new industries?
A
Chemicals, motor vehicles and electrical industries
3
Q
What was notable about the growth rate of new industries compared to the rest of the economy?
A
It was more than the rest of the economy at 3.8% vs 2%
4
Q
What percentage of Britain’s labour force were involved in motor vehicles?
A
6.6%
5
Q
Which countries were ahead of Britain in both chemical and electrical industries?
A
Germany and the USA
