The importance of trade to the UK Economy
{"Image DocumentName": "The importance of trade to the UK Economy", "Image ImageDescription": "As we have seen international trade is very important to the UK economy. Each and every country in the world has a different set of raw materials, climates, cultures, labour skills etc giving them an advantage in producing certain goods and services. This is known as Comparative Advantage. Through trade the UK can specialise in produce those goods and services it has a comparative advantage in. The surplus goods are then sold abroad (i.e. exported), creating jobs for UK citizens.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}