4. Economy of Britain.pptVIP

Economy of Britain The first country to start industrial revolution in the 18th century The United Kingdom is a trading nation. A market economy, capitalism The UK is the fourth largest economy in the world, with a gross domestic product (GDP) of US $1.93 trillion. It has the second largest economy in Europe (after Germany). The capital, London, is one of the two largest financial centres in the world, along with New York City. The British economy is one of the strongest in Europe; inflation, interest rates, and unemployment remain low. The government has been speeding up the improvement o