1. The nature of the UK economy
In the late 1970s and early 1980s North Sea oil and gas also had an affect on the structure of the economy. ... Thus it covers, among others, agriculture, mining, and the extraction of oil and gas. ... Although it declined over the next decade, reaching 4.2% of GDP in 1973, the discovery of North Sea oil caused to increase to 6.7%. ... When these figures are broken down, it is clear that the profits from the oil had dried up by 1990. ...
- Word Count: 1545
- Approx Pages: 6
- Grade Level: Undergraduate