This lecture looked at the various sectors and services in the UK economy.
The UK Economy is the 7th largest in the world,
The 3rd largest in Europe
One of the most globalised countries.
London is the largest financial centre, equal with New York.
Largest Industries - Aerospace, Pharmaceuticals, North Sea oil and gas.
An Industry sector is an area of the economy with related products or services:
Primary Sector - Extraction and harvesting of natural resources.
Secondary Sector - Processing, Manufacture and Construction.
Tertiary Sector - Knowledge and Services.
There is also the:
Public Sector - Publicly or state owned E.G NHS
Private Sector - Privately owned and run for profit
3rd Sector - Voluntary, Charity, Community owned business.
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