Hey! Sign in to get help with your study questionsNew here? Join for free to post

Importance of factors that affect UK comparative advantage

Announcements Posted on
  1. Offline

    ReputationRep:
    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!
  2. Offline

    ReputationRep:
    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)
  3. Offline

    ReputationRep:
    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.

Reply

Submit reply

Register

Thanks for posting! You just need to create an account in order to submit the post
  1. this can't be left blank
    that username has been taken, please choose another Forgotten your password?
  2. this can't be left blank
    this email is already registered. Forgotten your password?
  3. this can't be left blank

    6 characters or longer with both numbers and letters is safer

  4. this can't be left empty
    your full birthday is required
  1. Oops, you need to agree to our Ts&Cs to register
  2. Slide to join now Processing…

Updated: September 24, 2011
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

Today on TSR

How to predict exam questions

No crystal ball required

Poll
How will you be voting in the EU referendum?
Quick reply
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.