What are the most important factors responsible for
economic growth in Britain? real examples is required.
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Answer Posted / rahul bhattacharya
one of the most important reason is its macoeconomical development. A backbone of any economical growth depends upon the real time GDP of the country.Macro groth such as proper industrial growth which in tern depends upon good monetary regulation. It is a long term expansion of productivity potential of a country that has enable britain to retain such an important position in the world market.Britain has shown tremendous growth expansion in both micro & macro scale.Per capital income and national output raised due to increasing demands for manufacturing outputs. Apart from growth in industries england show significant rise in fish export from atlantic & north sea earned them huge income to rise their growth.
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