Market Forces Shape Organisational Responses
Countries that use Economic Systems
The Economy of England is the largest economy of the four countries of the United Kingdom.
England is a highly industrialized country. It is an important producer of textiles and chemical products. Although automobiles, locomotives and aircraft are among England's other important industrial products, a significant proportion of the country's income comes from the City of London. Since the 1990s, the financial services sector has played an increasingly significant role in the English economy and the City of London is one of the world's largest financial centers’. Banks, insurance companies, commodity and futures exchanges are heavily concentrated in the City. The British pound sterling is the official currency of England and the central bank of the United Kingdom, the Bank of England, is located in London.
United States
The US has abundant natural resource, a well-developed infrastructure, and high productivity. It has the world's sixth-highest per capita GDP (PPP). The U.S. is the world's third-largest producer of oil and second- largest producer of natural gas. It is the second-largest trading nation in the world behind China. It has been the world's largest national economy (not including colonial empires) since at least the 1890s.
China
The Socialist market economy of People’s Republic of China (PRC) is the world's second largest economy. It is the world's fastest-growing major economy, with growth rates averaging 10% over the past 30 years. China is also the largest exporter and second largest importer of goods in the world. It is the world's fastest- growing major economy, over the past 30 years. China is also the largest exporter and second largest importer of goods in the world.
Japan
Japan is the world's 3rd largest automobile manufacturing country, has the largest electronics goods industry, and is often ranked among the world's most innovative countries leading several measures of global patent filings.
The Economy of England is the largest economy of the four countries of the United Kingdom.
England is a highly industrialized country. It is an important producer of textiles and chemical products. Although automobiles, locomotives and aircraft are among England's other important industrial products, a significant proportion of the country's income comes from the City of London. Since the 1990s, the financial services sector has played an increasingly significant role in the English economy and the City of London is one of the world's largest financial centers’. Banks, insurance companies, commodity and futures exchanges are heavily concentrated in the City. The British pound sterling is the official currency of England and the central bank of the United Kingdom, the Bank of England, is located in London.
United States
The US has abundant natural resource, a well-developed infrastructure, and high productivity. It has the world's sixth-highest per capita GDP (PPP). The U.S. is the world's third-largest producer of oil and second- largest producer of natural gas. It is the second-largest trading nation in the world behind China. It has been the world's largest national economy (not including colonial empires) since at least the 1890s.
China
The Socialist market economy of People’s Republic of China (PRC) is the world's second largest economy. It is the world's fastest-growing major economy, with growth rates averaging 10% over the past 30 years. China is also the largest exporter and second largest importer of goods in the world. It is the world's fastest- growing major economy, over the past 30 years. China is also the largest exporter and second largest importer of goods in the world.
Japan
Japan is the world's 3rd largest automobile manufacturing country, has the largest electronics goods industry, and is often ranked among the world's most innovative countries leading several measures of global patent filings.