How is germanys economic system similar to that of the united kingdom

2 answers:

6 0

Both Germany and the UK have well industrialized economic systems since the UK was the first to develop the Industrial Revolution with its use of factories and socialized labour and the use of coal and the development of steel making, textiles etc and Germany was not far behind.

hodyreva [135]3 years ago

5 0

<u>Answer:</u>

Germany is the 5th largest country across the globe in terms of PPP. It is a leader in the export of types of machinery, household equipment vehicles, and chemicals. Like the western European neighbors, it also has some demographical challenges of sustaining long-term growth

Similarly, the United Kingdom is a trading power as well as a financial center. It is the 2nd largest in Europe after Germany. Therefore both countries have high intensity in trade and efficiency that matches the European standards and economy that they have enjoyed for an extended period.

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