VIII.Economy
Britain was the first country to start the industrial revolution in the eighteenth
century. Its economic system is known as capitalism, which protects private
wealth. Britain is one of the major market economies in the world and a member
of the seven major industrialized countries in the world. Britain is a trading
country. It is one of the top countries in share of world market. Its exports
are one-third of its product, and are 5% of the world's trade volume. It is
also one of the world's largest importers, buying a lot of raw materials.