logo

Identifying macroeconomic issues in UK economy

   

Added on  2020-07-23

10 Pages2501 Words284 Views
ECONOMICS
Identifying macroeconomic issues in UK economy_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................11.1 Explaining Economic terms in UK...................................................................................11.2 Demonstrating different kinds of economic system.........................................................22.1 Analysing features of UK economy.................................................................................32.2 Identifying various macroeconomic issues in UK economy............................................4CONCLUSION................................................................................................................................5BIBLIOGRAPHY............................................................................................................................6REFERENCES................................................................................................................................7
Identifying macroeconomic issues in UK economy_2
INTRODUCTIONInternal environment of the UK describes that the country has the sound economy whichmakes it different from various other nations. Hence, this country has developed itself in variousfields such as in technology, medical, education, trade and commerce as well as it has the stablecurrency rates. In the present assessment there will be discussion based on the various keyfeatures and term of the UK's economy as well as the influences of the macroeconomic factors inthe country. The report will also highlight the main issues has been faced by the nation in its freemarket economy in the upcoming years.1.1 Explaining Economic terms in UKBy considering the various key elements in the business there is need to make properanalysis of the various terms like Four factors of production such as:Land: In terms of manufacturing a unit there is need to decide the place or locationwhere the business plant can be installed and operated. Hence, there can be requirements of theproperty which will be for the purpose of production, office purposes and for relevant businesspurposes.Labour: In accordance with production or making the manufacture of the units or goodsthere will be requirements of workforce in making the adequate efforts or performances which inturn helps the organisation to achieve the business targets. Hence, with the help of recruiting theemployees for the particular jobs or tasks which can be result in generating the good employmentopportunities for UK.Capital: In consideration with making the operational activities very effective there willbe need of adequate or appropriate amount of funds which in turn helpful for organisation insmaking the adequate amount if investment of utilise such funds for making expansion as well asperforming the tasks of business (Mertens and Beblo, 2016). Hence, in order to have betterinvestment various governmental agencies or institutions are helping the industries by grantingthem the adequate amount of funds.Entrepreneur: There is need to adequate guidance and a leader who will createsbusiness vision or mission on which the whole workforce will make the adequate performances.Hence, it can be said that, with the help of a proper guidance the entrepreneurs will be able tomake the appropriate decisions.1
Identifying macroeconomic issues in UK economy_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Report on Internal and External Sources of Finance
|11
|2693
|46

Airline Organisation Improve UK Economy - Report
|9
|2143
|153

Unemployment Rates in Malaysia from 2013-2016: Causes, Effects and Solutions
|22
|6156
|240

Causes of Global Crisis and Impact on Country : Report
|18
|4053
|37

Study of UK IT Sector
|16
|3301
|98

Positive and Negative Effects of Brexit on Standard of Living in the UK
|13
|3804
|85