It exports many things,
The UK is now the worlds biggest military arms dealers with there BAE sytems.
Clothes,food,chemicals,steel,computers/electrical chips,eletrical goods,computer programming,banking,finance,films/movies,music,TV shows,authers/books, recycling,military training, there are lots of things,the UK is one of the worlds biggest exporters.
It exports things like mobile phones, clothes, etc. all the things they can sell off cheaply to LEDCs. Also, if you go on CIA world factbook- it's a webiste by the way- there are lists of things like that for most countries.
It exports many things,
The UK is now the worlds biggest military arms dealers with there BAE sytems.
Clothes,food,chemicals,steel,computers/electrical chips,eletrical goods,computer programming,banking,finance,films/movies,music,TV shows,authers/books, recycling,cars,military training, there are lots of things,the UK is one of the worlds biggest exporters.
One of them is exporting second-hand graphic machinery such as sheet fed offset presses, saddle-stitchers, perfect binders and folders.
It exports many things, The UK is now the worlds biggest military arms dealers with there BAE sytems. Clothes, food, chemicals, steel, computers/electrical chips, eletrical goods, computer programming, banking, finance, films/movies, music, TV shows, authers/books, recycling, military training, there are lots of things,the UK is one of the worlds biggest exporters.
97billion pounds
UK gives out plently of things like...... Nutella,SportCars,Blackberrysand plently more!
They decide what to import based on the "comparative advantage" (Theory developed by David Ricardo) .* Nations will import goods if it costs them less to import than producing it themselves.They decide this based on the opportunity costs. Let me explain this with the following example.* Assume there are 2 countries, namely the US and UK. The US can produce 200 cars and 100 computers while the UK can produce 150 cars and 150 computers.As you can see the US can produce more cars than the UK while the UK can produce more computers than the US. However, international trade is based on "comparative advantage"* Comparative advantage : If a nation can produce a good (X) at a lower opportunity cost than another country, it will specialise in the production of that good (X). It will then trade that good (X) for other goods ( Y ).* Therefore lets examine "opportunity costs" (O.C) . Now O.C is calculated with a simple formula... O.C=sacrifice/gain. OR (more mathematical) O.C= dy/dx (change in Y/change in X)Now getting back to our example.Lets look at the US firstThe opportunity cost of Cars : O.C=sacrifice/gainO.C=100/200 (they have to sacrifice computers to produce 200 cars)Therefore: O.C of 1 car is 1\2 a computer.Opportunity costs of computers :O.C= 200/100O.C of 1 computer equals 2 cars.Now lets look at the UKO.C of cars : O.C=150\150 = 1O.C of computers: O.C= 150\150=1As you can see since the US has a lower O.C in producing cars they will specialise in producing cars while the import computers from the UK since the UK has a lower O.C in producing computers. Therefore the it is cheaper for the US to buy computers from the UK while it is cheaper for the UK to buy cars from the US.
What to produce is one of the high economic problem
Adrenaline is produced by the adrenal glands.
Gin is produced everywhere, but most noticeably in the UK.
9200000
97billion pounds
UK gives out plently of things like...... Nutella,SportCars,Blackberrysand plently more!
Bose UK produces a wide variety of speakers and other audio products. Automotive, home and portable type products are designed and produced by Bose UK.
There are a number of reasons for this. For example, German U-boats would attack vessels importing produce by sea.
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The company Sage in the UK develops business software that can be used for a variety of things. Their software assists in finances, bookkeeping, payroll, and manufacturing.
Keltic clothing is one UK company which manufactures and supplies corporate jackets for businesses. JKLclothing is another UK company which produce customise jackets.
They're headquartered in Germany, with production facilities in Germany, the UK, Australia, and Brazil.
Vaillant is one of the greatest heating manufacturers in the UK. The produce gas boilers. They are really energy-efficient and many people use them all around the world.
1. They poor countries produce the crops very cheaply and they sell them to large brands in the UK for a low cost. The UK is more expensive and so it will raise the price and the UK people will buy them.