• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Size and characteristics of markets.

Extracts from this document...

Introduction

Size and characteristics of markets France France is in the midst of transition, from a well to do modern economy that has featured extensive government ownership and intervention to one that relies more on market mechanisms. The Socialist led government has partially or fully privatised may large companies, banks and insurers, but still retains controlling stakes in several leading firms, including Air France, France Telecom, Renault and Thales and remains dominant in come sectors particularly power, public transport and defence industries. The telecommunications sector is gradually being opened to competition. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that reduce income disparity and the impact of free markets on public heath and welfare. The current government has lowered income taxes and introduced measures to boost employment levels. At the end of 2002 the government was focusing on the problems of the high cost of labour and labour market inflexibility resulting from the 35-hour working week and restrictions on lay offs. The government was also pushing for pension reforms and simplification of administrative policies. ...read more.

Middle

Germanys ageing population, combined with high unemployment, has pushed social security outlays to a level exceeding contributions from workers. Structural rigidities in the labour market that includes strict regulations on laying off workers and the setting of wages on a national basis have made unemployment a major problem. Growth in 2002 and 2003 fell short of 1% that could allow Germany to meet the long-term challenges of European economic integration and globalisation, particularly if labour market rigidities are further addressed. In the short run, however, the fall in government revenues and the rise in expenditures have raised the deficit about the EU's 3% debt limit. GDP Purchasing power parity �2.16 trillion (2002) GDP (real growth rate) 0.2% (2002) GDP (composition by sector) Agriculture: 1% Industry: 31% Services: 68% (2002) Population below poverty line N/A Inflation rate (consumer prices) 1.3% (2002) Labour force 41.9 million (2001) Unemployment rate 9.8% (2002) Industries Amongst the worlds largest and most technologically advanced producers of iron, steel, coal, cement, chemicals, machinery, vehicles, machine tools, electronics, food and beverages, ship building, textiles. Exports (Commodities) ...read more.

Conclusion

The relatively good economic performance has complicated the Blair government's efforts to make a case for Britain to join the European Economic and Monetary Union. Meanwhile, the government has been speeding up the improvement of education, transport and health services at a cost in high taxes. The war in March to April 2003 between a US led coalition and Iraq, together with the subsequent problems of restoring the economy and the polity, involve a heavy commitment of British Military forces. GDP Purchasing power parity �1528 trillion (2002) GDP (real growth rate) 1.8% (2002) GDP (composition by sector) Agriculture: 1.4% Industry: 24.9% Services: 73.7% Population below poverty line 7% Inflation rate (consumer prices) 2.1% (2002) Labour force 29.7 million (2001) Unemployment rate: 5.2% (2002) Industries Machine tools, electronic power equipment, automation equipment, railroad equipment, shipbuilding, aircraft, motor vehicles and parts, electronics and communications equipment, metals, chemicals, coal, petroleum, paper and paper products, food processing, textiles, clothing and other consumer goods. Exports (Commodities) Manufactured goods, fuels, chemicals, food, beverages, tobacco. Exports (partners) US 15.5%, Germany 11.2%, France 9.4%, Ireland 8%, Netherlands 7.15, Belgium 5.2%, Italy 4.4%, Spain 4.3% Imports (Commodities) Manufactured goods, machinery, fuel, foodstuffs. Imports (partners) Germany 12.9%, USA 11.9%, France 7.8%, Netherlands 6.3%, Belgium 5%, Italy 4% (2002) Currency British pound Laura Robinson 1 ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Economy & Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Economy & Economics essays

  1. What were the main characteristics of Early Modern Europe?

    Discovery of the Americas meant that countries on the fringe of Western Europe, such as England, Spain, France and Portugal, began to dominate trade. The countries explored included Asia, Africa and the Americas. Potatoes, tomatoes and maize from America began to change the Europeans' diet.

  2. Split Votes: A Nation Divided on the Marijuana/Drug Legalization Debate

    Father Vetter has been a Catholic his entire life and has been a priest for twenty-nine years. He edited the newspaper for the Diocese and also has written articles for the Herald Times on the Catholic Church's view on contemporary subjects.

  1. Retailing In India - A Government Policy Perspective

    A survey of executives at companies that have moved jobs to India revealed that financial incentives were the least important factor in the decision. Most executives believe that they would rather see the government spend its money upgrading the local infrastructure.

  2. This report will establish the opportunities and threats presented to Sony by the EU ...

    because a country like Luxembourg which has least populace in the EU but have the highest GDP and spending power per head. So they can buy Sony's most new and expensive products because they have high spending power and if Sony ignore their needs this could lead to Sony having adverse in sales.

  1. Toyota Motor Company Limited

    The strong each of these forces, the more limited companies are in their ability to raise prices and earn greater profits. A high force can be regarded as a threat because it is likely to reduce profits. A low force in contrast, can be viewed as an opportunity because it may allow the company to earn profits.

  2. The Famous Grouse - company profile and exports

    Inflation rate (consumer prices): 1.8% (2004 est.) Labour force: 2.008 million (2004 est.) Labour force - by occupation: agriculture 10%, industry 25%, services 65% (1995) Exports: $15.86 billion (2004 est.) Exports - commodities: dairy products, meat, wood and wood products, fish, machinery Exports - partners: Australia 21.8%, US 14.6%, Japan 11%, China 4.9%, UK 4.8% (2003)

  1. Are Democratic ideals supported by free markets or undermined by them?

    Freedom to practice any religion they choose, freedom to live their lives as they choose, in essence, freedom of choice. Of course this is a gross simplification of democracy but for the purposes of our argument it will suffice. This is because, as we will see, the main arguments for

  2. The Quest for Optimal Asset Allocation Strategies in Integrating Europe.

    not been sufficient to induce cross-border capital flows as predicted by various asset pricing models. Accounting for factors such as risk aversion and uncertainties, exchange rate risk, has been shown to explain some part of the equity home bias, although the puzzle remains largely unsolved (Lewis 1999).

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work