Difference's in the economy....

There aren't mant differences in the British economy from this time last year till today, however having the GDP level decreasing by 0.5% undicates the economy still isn't improving as much as we hoped; but the ecnomoy has still made a massive growth from 2009 to 2010, with the GDP level rising by a great 6.6%.

Other latest economic figures that may relate to growth of the economy: 

• Gross Domestic Product 0.5% an increase of 0.4 percentage points from Q2 2011 (Quarter-on-Quarter, Chained Volume Measure, Seasonally Adjusted) Q3 2011
• Consumer Price Index 5.2% CPI annual inflation stands at 5.2 per cent, up from 4.5 per cent in August .
• Retail Price Index 5.6% RPI annual inflation stands at 5.6 per cent in September, up from 5.2 per cent in August. .
• Retail Sales September 2011 101.1 a change on 3 months on same period a year earlier of -0.1 per cent (chained volume, seasonally adjusted, 2008=100) September 2011
• Producer Price Index: Input Price 17.5% The input price index stands at 170.6, a rise of 17.5% in the year to September 2011. .
• Producer Price Index: Output Price 6.3% The output price index stands at 125.7, a rise of 6.3% in the year to September 2011. .
• Household final consumption expenditure -0.8% a fall of 0.2 percentage points from Q1 2011 (Quarter-on-Quarter, Chained Volume Measure, Seasonally Adjusted ) Q2 2011
• Employment rate 70.4 per cent (June-August 2011) down 0.3 percentage points on the previous quarter (March-May 2011)
• Unemployment rate 8.1 per cent (June-August 2011) up 0.4 percentage points on the previous quarter (March-May 2011)
• Workless households 3.88 million (April-June 2011) down 38,000 on previous year (April-June 2010)
• Children in workless households 1.8 million (April-June 2011) down 26,000 on a year earlier (April-June 2010)
• Claimant Count (JSA) 1,597,200 (September 2011) up 17,500 on the previous month (August 2011)
• Vacancies 462,000 (July-September 2011) up 1,000 on the previous quarter (April-June 2011)
• AWE annual growth rate - total pay 2.8 per cent (June-August 2011) down 0.1 percentage point on the previous period (May-July 2011)
• AWE annual growth rate - regular pay 1.8 per cent (June-August 2011) down 0.3 percentage points on the previous period (May-July 2011)
• Trade in goods and services -£1.9bn an increase of £0.4bn from the revised figure of -£2.3bn in July (Total Trade Balance, seasonally adjusted) August 2011
• Energy intensity 64.3 a 2.6% annual decrease (1990=100, energy consumption per unit of output) 2009
• UK greenhouse gas emissions 636mt an 8.4% annual decrease (million tonnes of CO2 equivalent) 2009
• Acid rain precursors 2.2mt a 12.4% annual decrease (million tonnes SO2 equivalent) 2009
• Material productivity 204.8 a 7.2% annual increase (1990=100) 2009
• Environmental taxes £41.4bn a 4.8% annual increase 2010
• Value of UK oil and gas reserves £182.4bn a 1.9% annual decrease (current prices) 2009
• Freight into and out of the UK 2,005 A fall of 232 thousand tonnes from 2008 (Thousand tonnes handled at UK airports) 2009
• Public Sector Net Borrowing excluding financial interventions £14.1 billion this is £1.3 billion lower than in September 2010
• Public Sector Net Debt excluding financial interventions £966.8 billion this compares to £833.0 billion at the end of September 2010
• Total Public Service Productivity 96.7 A change of -0.9 percentage points from 2007 (1997=100) The key figure relates to 2008
• Total Health Productivity 97.3 A change of 0.7 percentage points from 2008 (1995=100) The key figure relates to 2009
• Total population (UK) 62.3mn 0 0
• Number of births (UK) 790,204 4,179 fewer births than in 2008 (live births) 2009
• Number of deaths (UK) 559,617 20,080 fewer deaths than in 2008 (deaths registered) 2009
• Male life expectancy at birth (UK) 78.1 An increase of 0.4 (years) 2008-10
• Net migration (UK) 239,000 Increase of 21% since year ending December 2009 year ending December 2010
• Female life expectancy at birth (UK) 82.1 An increase of 0.2 (years) 2008-10
• Healthy life expectancy at birth - Males (UK) 63.0 an increase of 0.5 (years) compared to 2006-08. Key figure relates to 2007-09 2007-2009
• Healthy life expectancy at birth - Females (UK) 65.0 an increase of 0.7 (years) compared to 2006-08. Key figure relates to 2007-09 2007-09
• Deaths from cancer (UK) 155500 an increase of 1000 compared to 2005-07 2006-2008
• Alcohol related deaths 8664 a change of -367 2009
• Infant deaths - E&W 3191 a decrease of 93 compared to 2008 2009

The British Economy

The British economy is the sixth largest national economy in the world measure by the Growth Domestic Product (GDP) and also the third largest in Europe. The GDP refers to the market value of all final goods and services produced within a country in a given period. The GDP is often considered as the country's standard of living.

After starting to industrialise in the 18^th century, the UK possessed a dominant role in the global economy by the 19^th century. By 1945, United States had taken over as the world’s most dominant economic power however the UK still maintained a significant role in the world economy. Having London as the world’s largest financial centre alongside New York, made the UK one of the world’s most globalised countries.

Figures showed that UK had suffered a decrease in their economy by 4.95 in November 2009. Showing that the recession the UK had entered in 2008 (for the first time since 1991) hadn’t got any better.

Nominal GDP 2000 to 2011

Year	GDP Change
000	3.9%
2001	2.5%
2002	2.1%
2003	2.8%
2004	3.0%
2005	2.2%
2006	2.9%
2007	2.6%
2008	0.6%
2009	-4.9%
2010	1.7%
2011	1.2%

 

Giving a clear aspect on the economy today:

http://www.telegraph.co.uk/news/worldnews/europe/eu/8871382/David-Cameron-British-economy-is-getting-worse-as-euro-crisis-goes-unresolved.html

Ansoff's Matrix

The Ansoff's Matrix is four different stratgeries that a business use in realtion to marketing, all these four stratgies will be used at different times by businesses. 

A video explaining Ansoff's matrix for students:

http://www.youtube.com/watch?v=AORoMxgp428

The Four Stratgies:

Marketing Penetration - Using this stratgy, a firm will try to gain more of it's existing market. 

Marketing Development - This entails a firm selling it's existing products in a new product. (Engaging and Selling to more people to enhance the state of of growth. 

New Product Development - A firm pursing this stratgy will develop new products to sell to existing customers.

Diversification - This stratgy occurs when a firm offers new products in to a new market.

This website gives a firm understanding of the Ansoff's Matrix, giving reasons for why each stratgy is important to a company and some of their objectives might include. 

 http://tutor2u.net/business/strategy/ansoff_matrix.htm