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4.2.6 Causes of surpluses and deficits
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International competitiveness and the current account

International competitiveness and the current account

Diagram showing exchange rate, inflation, productivity, income growth, and quality and design as causes of current account surpluses or deficits

International competitiveness is how well a country's firms sell against rival producers, both abroad and at home, using price and non-price factors. Anything that makes domestic products better value than foreign products tends to raise exports and reduce imports.

4.2.6 Causes of surpluses and deficits Lesson

  1. GCSE
  2. /Economics
  3. /4.2.6 Causes of surpluses and deficits

Step-by-step lessons on OCR GCSE Economics 4.2.6 Causes of surpluses and deficits. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

Lessons