The Economy of Great Britain
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Great Britain is a highly-developed naval and industrial power. Its economy was primarily based on private enterprises. However, some industries were nationalized after World War II. Now it has a mixed private- and public-enterprise economy 1. The government controls the coal-mining and electric power industries, ferrous metallurgy and shipbuilding. Part of public transport, civil aviation and national bank are also managed by the state. The main sectors of British economy are manufacturing, services and agriculture. The share of industry in GNP 2 is 11 times more than that of agriculture. Manufacturing plays a vital role in British economy. It accounts for 1/5 of the GNP and employs less than 1/3 of the workforce 3. Small companies predominate, though companies with 500 or more employees employ a larger percentage of the workforce.