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Economic Differences of Morocco and England

In: Business and Management

Submitted By shedz95
Words 1450
Pages 6
Economics Essay Shady mostafa
The inflation rate and economic growth are vital to any economy in the world, achieving good numbers in both of them could be the key in order for a country to build a sustainable economy that could develop to new heights. The two countries that I’m going to be talking about today are Morocco and the UK, even though it is very difficult to draw comparisons between them due to the massive economic difference, both economies still have their own weaknesses and strengths.
The UK is regarded as a very strong economy worldwide and it stands 8th in the highest GDP figures with an outstanding 2,181 trillion dollars GDP at PPP. One of the UKs main advantages is its education system which is regarded as one of the best in the world and has a big influence towards the UKs income with many international students attracted to come and study in the UK which keeps tourism constantly on a high. Another valuable source of income the government receives is the money from taxes as taxes are known to be very high at the UK especially on unhealthy products such as alcohol and tobacco which is a very smart move from the government as these kind of products are known to be a necessity for many people and it ends up leading to diseases which increases the costs of health care so the money from the taxes could be used to cover up these costs. Another thing that makes the Uks economy so superior is the strength of its currency which is one of the strongest in the world and has a very positive influence on the exports and the imports with the exchange rate making things easier and cheaper for the UK .
The UK has always looked to improve on their economic structure in spite of having a well-developed economy already. However they have found difficulties doing that with their economic growth standing at a significantly low number of 0.5%, with

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