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From course:

Economics A Level (DONEEEEEEE)

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Question:

Currently, what does the UK have a Comparative Advantage in, and what about Developing Nations?

Author: eric_galvao



Answer:

-Developed Nations like Britain have a Comparative Advantage in High Value, Technological Advanced, Capital-Intensive Products. Sounds nerdy -Developing Nations has a Comparative Advantage in Low Value, Labour Intensive Products


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