An Overview Of The Uk Economy

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...has had a tumultuous economic ride. Innumerable changes have been charted over the past decade that affected not only this country's monetary rates (inflation, equity market, exchange, etc.), but also the financial experts' projections relevant to its future prosperity. This essay will examine some of these changes, and delineate the economic expectations for the UK in the new millenium. The UK is a dominant trading power and financial center that exploits an essentially capitalistic economy, and is also now one of the four trillion-dollar economies of Western Europe. Moreover, to combat some of its socio-economic constraints, over the past decade its government has significantly reduced public ownership, and contained the growth of social welfare programs. Agriculture remains intensive, highly mechanized, and efficient by European standards, and currently...

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