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Examine the unemployment rate in Liverpoo (2)
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| Submitted: Mon Jun 19 2006
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Examine the unemployment rate in Liverpoo (2) The volatile dynamics of the capitalist market causes fluctuations in economies of all scales; from international and national markets to local companies and communities. The spatial concentration of business activities within the boundaries of cities makes them especially susceptible to these imperfections and thus, all cities experience periods of relative growth and decline. However, the 1980s signalled the onset of the most serious and prolonged downturn in the economies of these cities since the Second World War, and nowhere was this more severely felt than in the city of Liverpool. HISTORICAL SYNOPSIS The traditional date for the foundation of Liverpool is 1207; the year the area was made a Borough by King John. However, it was not until 1600, and the development of Liverpool's rivalry with neighbouring Chester, that any indication of the areas future economic success could be perceived. The rivalry between these two ports (Chester...
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