07 UK pattern of trade
Pa#ern of trade Learning objec-ve: To iden-fy the difference between an export and import, and the UK’s main imports and exports.
Starter • Sort these products into imports and exports:
Key terms • Exports consists of goods and services which UK forms provide to sell to people and firms not resident here. They result in money coming into the country. • Imports are goods and services provided by firms based overseas to residents of the UK. They result in money going out of the UK.
ICT ac5vity • Using the internet find out the what the UK’s main exports and imports are. • How has the volume of UK exports and imports changed over -me? – Find the balance of payments current account
Starter • Sort these products into imports and exports:
Key terms • Exports consists of goods and services which UK forms provide to sell to people and firms not resident here. They result in money coming into the country. • Imports are goods and services provided by firms based overseas to residents of the UK. They result in money going out of the UK.
ICT ac5vity • Using the internet find out the what the UK’s main exports and imports are. • How has the volume of UK exports and imports changed over -me? – Find the balance of payments current account
