Business Environment

Business Environment

Business Environment

Description of economic system that controls how resources of land, labour and capital are allocated in the UK

The economic system of United Kingdom that controls the usage of resources is based on the system of free economy. There is a free market economy of United Kingdom. The mechanism of handling the resource in terms of land, labour and capital is tackled through market liberation. In the economic system of U.K the decisions of fixing the prices and taxations are totally under the firm control of government. However, the market of the United Kingdom is liberal and enjoys ...