Scotland Economy

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The Scottish Economy Introduction This is a report by me to describe different aspects of the Scottish economy and to describe what a mixed market economy is using material and statistics. There will be four aspect of the Scottish economy covered in this report which are unemployment, tourism, growth, ant the National Health Service. Features of Scotland’s economy The reason Scotland has got a mixed economy is because it has both privately owned businesses and government owned businesses. This gives people more choice for services like health care and schools giving people more choice if they have extra money to spend on privately owned organisations. Publicly owned schools and the National Health Service are funded by the tax payer and national insurance contributions. The benefits of a private school is that there are less students in the classes allowing them to have more attention from teachers, they can also offer more programs for students and hire better teachers as they have more money in their budget from the students tuitions. Private health care can offer advantages such as shorter waiting times and appointment better suited for the patient it also lets the patient see a consultant that suits their specific needs. These are some example of why Scotland has a mixed…show more content…
It is an extremely important industry in Scotland valued at £4.9 billion per year, 5% of gross domestic product and supporting 27,000 tourism businesses. Tourism offers investment opportunities in sectors such as city hotels, resorts, spas and resort marinas, and culture tourism. Scotland is easily accessible by air, road, rail, and boats. Good exchange rates are allowing more Americans visit Scotland and some tour operators are reporting a 10 per cent rise in bookings. VisitBritain chiefs are predicting a 2 per cent rise in spending from overseas and are planning some new global

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