The economy

[JK Ferret]

Right, does anyone know about the uk's economy, eg, the SWOT (strengths, weaknesses, opportunities and threats)?as i need to give a presentation about it and am stuck for ideas.
Any help would be great.

[midzt]

browns golden rule things use to be a stregth of the economy i fink.....
erm...
weaknesses, prob that we dont export enough, theres a trade gap ?

dont really understand wot u mean by the oppirtunites and threats tho.

you prob already have the two things i mentioned, or they are prob completrly wrong but hope it helps.

[nameinuse]

It's kind of hard to apply a SWOT analysis to the economy, maybe better to comapre it to the contry's economic situation as a whole. The economy is more directly comparable with the balance sheet of the company, rather than the company/country as a whole entity.

If you want to do a SWOT analysis of the country the strengths are 4th largest economy in the world, trade agreements, strong & educated workforce, and that kind of thing. The rest you can do yourself!

[TiG]

Elyk,

What level of study is this for? (assuming its study not work). I think its kind of important to say so the answers can be set at the appropriate level. At degree the answers are going to be much more important than a-level for example...

TiG

[Funkstar]

sounds like Modern Studies to me. I'm sure i did this like...wow, 10 years ago now

[mike_w]

SInce he probably won't be on again tonight, I'll speak for Elyk: this is Economics A-Level. We got to watch Panorama, and I managed to get a decent amount of notes from that, and David Smith's economics website.

[mr_anderson187]

browns golden rule things use to be a stregth of the economy i fink.....

yeah, Gordon browns golden rule and his credibility as chancellor

Strengths - low unemployment rate, steady unemployment rate, low NATURAL rate of unemployment, retrainign mechanisms are liquid atm too

Weaknesses - rising interest rate again, trade defecit was moving from to the upper roof of managable last year when i studied this

Oppertunites - wtf?

Threats - INTEREST RATE! interest rate its affects and effects on other things, its pretty damn important, primary arm of monetary policy with taxes, and thats links inversely with the use of fiscal policy iirc, control of unemployment and the housing market, morgage repayments, etc, its dangerous as children in a drug factory

Done a-alevel economics last year, (passed it too ) most of it is still the same, PM me if you have another question, happy to help

p.s. sorry for the krappy typing


EDIT!!!!!!!====== threat/weakness is gordons browns 'stealth taxes' (will explain if you want) they are a bit of a dog when you realise what is going on with them

[TheAnimus]

Oppertunites can that be stuff like objective 1 funding?

Weakness: Tax, hudge hudge tax.