What type of economic system does the United Kingdom have?

Economic System of the United Kingdom

Flashcard
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Social Studies
•
6th Grade
•
Easy
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45 questions
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1.
FLASHCARD QUESTION
Front
Back
Mixed economic system
2.
FLASHCARD QUESTION
Front
How does the UK's economy stack up against other European countries?
Back
It is closer to a Market economy
3.
FLASHCARD QUESTION
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
4.
FLASHCARD QUESTION
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.
5.
FLASHCARD QUESTION
Front
Since what year have iconic companies like British Steel, British Coal, and British Airlines been flying solo under private ownership?
Back
1979
6.
FLASHCARD QUESTION
Front
What exciting development has emerged across the UK due to the shift in ownership of state-run companies?
Back
Free market competition
7.
FLASHCARD QUESTION
Front
Who gets to decide what flavors to produce for a lemonade stand in the United Kingdom?
Back
Individuals and corporations
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