UK Flashcards
Define ‘primary sector’
Extracting a raw material e.g. mining or farming
Define ‘secondary sector’
Manufacturing e.g. ship building, car making
Define ‘tertiary sector’
Providing a service e.g. teacher, shop keeper
Define ‘quaternary sector’
High tech, knowledge and skills based jobs e.g. IT, research and development
How has the UK’s economic structure changed?
- Increasing numbers employed in tertiary (Services)
- Less employed in primary and secondary
- Increasing number employed in quaternary
What has caused the UK’s change in economy?
- The Industrial Revolution of the 19th century led to the increase in manufacturing
- Deindustrialization led to the decline of manufacturing as it shifted to Asia
- Globalisation - led to the increase in quaternary sector and decline in manufacturing in some HICs
Define globalisation
The increasing interconnections between places around the world, made possible by developments in transport, technology. It leads to the increased movement of goods, services and people around the world.
Define deindustrialisation
The loss of a country’s manufacturing industry caused by overseas competition or loss of raw materials.
What government policies have shaped the UK’s economy?
- 1945-79: Government supported failing industries. A period of strikes and power cuts
- 1979-2010: Government privatised businesses to create more competition. Old industrial land was changed into new retail parks
- 2010+ : Government aimed to rebalance the economy. They did this by encouraging new businesses through investment in manufacturing and improving infrastructure.
What is the post industrial economy?
The growth in the tertiary and quaternary sectors that followed the decline of manufacturing industries
How has IT led to the development of a post-industrial economy?
- lots of data and information can be stored and shared
- instant communication around the world
- broadband in more remote areas connects more places
- smart phones allow people to work from home
Name some jobs in the service sector in the UK
Finance, banking, insurance, security
Name some of the UK’s research industries?
- Universities
- Ministry of Defence
- NHS
- Charities e.g. Cancer Research
Why is the research industry important to the UK economy?
- Lots of highly skilled workers
- Contributes large amount to the economy
- Growing industry which opens new business opportunities
What is a science park?
A group of scientific and technical knowledge-based businesses located on one site.
Why are science parks important to the UK?
- They support tertiary industries such as finance and research
- Employ large amount of people (75,000 across 100 sites)
- Employs skilled graduates
What is a business park?
An area of land comprising of a selection of businesses usually located on the edges of towns.