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Monday, February 18, 2019

Assess whether or not the changes in the structure of the UK industry E

Assess whether or not the changes in the social structure of the UK industry have been beneficial for the economy, industries and the consumer.Over the past 30 age the structure of the UK economy has beentransformed. By this I mean there has been changes in the productionand traffic between the primary, endorseary and tertiary sectors.In 1964, 1,201,000 tidy sum were employed in the primary sector. By 1995there were only 383,000 wad employed in the primary sector. Thisshows a decrease of 818,000 employees over 31 years. This was mainlydue to a contraction of output in the char mining industries, and thecollapse of oil prices in 1986, further contributing toward thedeclining industry.The second change in the structure of the UK industry was a decreasein output and employment in the secondary (manufacturing) sector. Adecrease of 6,027,000 employment was recorded between 1964 and 1995.This is deindustrialisation.The final change was in the tertiary sector, where the descend empl oyedhad gaind by 50%, from 11,178,000 to 16,527,000, between 1964 and1995. Increasing its luck of GDP in the UK.Therefore we can conclude that there has been an increase inemployment output in the tertiary sector and a decrease in the primaryand tertiary sectors.There has also been a shift over the years from public to privatesector production, which creates competition, causing lower prices andbenefiting the consumer, while contributing to ...

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