Answer to Question #205505 in English for elisa

Question

Identify three sectors within the UK economy in which a business can operate. What are the differences between the three sectors? Comment on their value to the UK economy.

Answer 1

Three major sectors include, services, manufacturing and tourism. Service sector deals with the action of doing work or helping someone. Manufacturing is the conversion of raw material to finished products. Tourism is the organization of holidays and visitation of places of interest. Tourism helps as the economy receives foreign exchange out of people coming to see the palace or the queen. Manufacturing has boosted international trade as seen in the case of Unilever that operates worldwide. Nonetheless, the service sector has improved credibility of the education sector, seen in the quality of learning in the university of Liverpool among others.