Major changes in the economy of the UK

Subdecks (5)

Cards (61)

  • deindustrialisation (During the twentieth century, the UK went from over 3000 coal mines to just 30. Due to globalisation)and the move to post industrial economy (business and science parks) as the uk started to direct their focus on industry more towards the direction of it and tertiary sectors such as it  
  • Originally primary then mainly secondary remained fairly consistent until the 1960s then de industrialisation happened  then tertiary skyrocketed after the 60s when de-industrialisation began quaternary industries begin to develop interesting university graduates in the 1980s have began to gain some traction as it has risen to around 9% of the uk’s workforce
  • Science and business parks have been developed to further increase the tertiary and quaternary industries 
  • Science parks accommodate groups of scientific and technology based business and provide office space, labs, workrooms and meeting areas that are designed to support research development. strong links with universities near major motorways and airports as well as providing an attractive countryside location . exeter science park near the a30 and m5
  • Business parks house a cluster of different companies and benefit the business by providing cheaper, more accessible land as well as the opportunity for collaboration between different companies.economic growth excellent transport routes eg exeter near the a3015 and m5.
  • As the uk has seen some economic decline the government has provided some incentives for companies to relocate to these business parks