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The Lowlands (Southern part) of Scotland have a good economy with cities such as Edinburgh and Glasgow. However in the Highlands (Norther part) of Scotland, it is poorer, but the landscape is nicer.

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12y ago
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16y ago

With a decline of traditional industry such as ship building Scotland's econemy is mostly service based with some income comming from oil deposits in the North Sea.

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13y ago

it is like government economy!

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15y ago

Pound Sterling.

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Q: What is the economy in Scotland?
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Related questions

Scotland a mixed economy?

Scotland is part of the mixed economy


What has the author Bill Jamieson written?

Bill Jamieson has written: 'Scotland's 10 Tomorrows' 'An Illustrated Guide to the British Economy' 'Scotland's Ten Tomorrows'


How many economy districts are there in the United Kingdom?

The United Kingdom is comprised of England, Scotland, Wales and Northern Ireland and each has its own economy.


What are the features of Scotland mixed market economy?

Tax,Banking,housing,import and export etc


Does Scotland have an independent monetary policy from England?

No. Scotland and England are both included in the same economy. They are regarded as a part of Britain. Scotland does print its own banknotes though which are different from English bank notes but are equal in value.


What is the importance of fishing in Scotland?

Fishing is important to Scotland's economy, providing jobs and income for many coastal communities. It also plays a significant role in the country's cultural heritage and tradition, with a history of fishing that dates back centuries. Sustainable fishing practices are crucial to maintain the health of marine ecosystems and ensure the long-term viability of Scotland's fishing industry.


How would one research job opportunities in Scotland?

People in Scotland find out about jobs though the labor market. The labor market is controlled by the Scottish government, by an overview of the Scottish economy.


What are the four historic land areas that contribute to the economy of the United Kingdom?

England, Scotland, Wales and Northern Ireland.


Who are some of the experts at BBC News Scotland?

One of the experts at BBC News Scotland is Brian Taylor, a political editor. Another expert is Douglas Fraser who works as a business and economy editor.


What is the life expectancy of people who live in Scotland?

First off, Scotland is separated in two parts: The lowlands and the highlands, the lowlands have a better economy with cities such as Edinburgh and Glasgow, so you should expect higher pay and a decent life. However highlands, as beautiful as it is... it doesn't have as good of and economy so you shouldn't expect any huge payrolls.


Why and how is England poor?

It isn't. England is part of the United Kingdom, along with Scotland, Wales and Northern Ireland, and it is the eighth biggest economy in the world.


Why shouldn't Scotland join the euro?

because the euro is not very strong at the moment and may cause scotlands economy to collapse because the stability of the euro is not very good