Year 12s: what will be the first way you research your future options? >>

Year 12s: what will be the first way you research your future options? >>

Year 12s: what will be the first way you research your future options? >>

Importance of factors that affect UK comparative advantage

Importance of factors that affect UK comparative advantage

Can anyone help with some factors that affect it, how they do it in economics terms and how important they are?

Thanks!

Natural resources
Level of education, types of skill strengths in the economy
Time zone (often citied as a reason for London's advantageous position in the financial markets)

Classical Liberal

Comparative advantage is to do with opportunity cost. So it is worth noting the things that the UK is very bad at. This means the trade off for other output is minimal.

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