Economic System of the United Kingdom

Front

What type of economic system does the United Kingdom have?

Back

Mixed economic system

Front

How does the UK's economy stack up against other European countries?

Back

It is closer to a Market economy

Front

What is one of the standout features of the United Kingdom's economy? Options: It is one of the world's leading agricultural powers, It is one of the world's leading industrial powers, It is one of the world's leading technological powers, It is one of the world's leading financial powers

Back

It is one of the world's leading financial powers

Front

What major shift has happened in the UK's government control over state-run companies in the last thirty years?

Back

The government has given up control of many state-run companies.

Front

Since what year have iconic companies like British Steel, British Coal, and British Airlines been flying solo under private ownership?

Back

1979

Front

What exciting development has emerged across the UK due to the shift in ownership of state-run companies?

Back

Free market competition

Front

Who gets to decide what flavors to produce for a lemonade stand in the United Kingdom?

Back

Individuals and corporations

Front

Who decides how goods are produced in the United Kingdom?

Back

Individuals and corporations

Front

Imagine you're in the bustling markets of the United Kingdom with Lily, Abigail, and Anika. For whom are all these goods being produced?

Back

Individuals and corporations

Front

Imagine you're in a bustling city with Noah, Benjamin, and Oliver. Which of the following economic challenges might they face when looking for jobs? Pollution, Unemployment, Tax reduction, Resource abundance

Back

Unemployment