1.2 Young adults and the UK economy
Most young adults (that is, people aged 15–17) in the UK are in full-time education or training. So, they directly participate in the education and training sector of the UK economy.
Young adults also contribute to many other sectors by buying a variety of goods and services (like clothes and games). Many people in this age group also work and, therefore, contribute to the production of goods and services.
More importantly, young adults are literally the future of the UK economy.
This is because young adults will play a big role in creating innovative products and services. Some of these innovations will create large successful businesses and, at the same time, help the society to solve major challenges like reducing reliance on fossil fuels and enabling the provision of clean energy.
This course will, hopefully, make a small contribution to your ability to make good financial decisions which, in turn, may affect how you make bigger decisions in your life.
Quiz
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Moving on
1.1 What is an economy?
