Learning objective
Explain causes of economic change in the UK including de-industrialisation, decline of traditional industry, globalisation and government policies.
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5
Flashcards
7
Questions
Topic
Section B: The changing economic world
Subtopic
The changing economic world
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Short explanation
Economic change in the UK has been influenced by several key factors. De-industrialisation refers to the decline of traditional industries, such as coal and manufacturing, leading to job losses and shifts in the economy. Globalisation has increased competition and allowed for the outsourcing of jobs, impacting local economies. Additionally, government policies, including deregulation and investment in technology, have shaped economic landscapes. These changes have resulted in a transition towards a service-oriented economy, emphasizing the importance of adapting to new economic realities for sustainable growth.
Key concepts
Why it matters
This objective helps connect The changing economic world to exam-style questions, flashcards, and revision notes for Section B: The changing economic world.
Common mistakes
1 linked- Misunderstanding De-industrialisation: Clarify that de-industrialisation refers specifically to the decline of traditional industries in the UK, while globalisation involves the increasing interconnectedness of economies worldwide.
Revision tools
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Flashcards5 linked cards
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Practice Questions7 linked questions
Question 1 of 7
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Revision notestopic notes
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Open revision notesRelated learning objectives
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- Explain limitations of economic and social development measures.
The changing economic world
- Explain the link between stages of the Demographic Transition Model and level of development.
The changing economic world
- Explain physical, economic and historical causes of uneven development.
The changing economic world
