International Trade with South Korea

Small businesses in the cities of South Korea make up an increasingly important amount of the urban population. Most workers in South Korea are farmers if they aren't small business owners that sell household items, clothing, and food (Kummer, 71). However, when it comes to advantages, South Korea excels in producing technology. With the information given, how could it be determined how the land, labor, and capital of South Korea may be compared to that of the United States?.
             The United States of America is the world's largest economy. Unlike South Korea, the U.S has an abundance of natural resources. It is the second largest trading nation in the world, right behind China. The top three most common professions in the U.S include retail salesperson, cashier, and food preparation and serving worker. This is a different work environment then South Korea, most likely because the resources and land are different. The United States has an increased labor supply. According to Obama, there are three unemployed people for every job opening. Unlike South Korea, there aren't really any social classes; people are pretty much just wealthy, in the middle, or poor. These classes depend on ones wealth, income, education, and type of occupation. Material goods contribute to most of the U.S's exports. Automobiles make up about ten percent of the United States exports. Event though this is so, compared to the United States, South Korea has a comparative advantage in producing and exporting technology. .
             Both the U.S and South Korea obviously trade with other countries, every place needs a sort of good that they do not have in order to prosper. Just like South Korea lacks in their supply of natural resources, shows an example of how every country may be better at producing one thing but not another. The following sentence may be an example of their weakness, but they do have an advantage in technology. South Korea has advancement in science and technology, for example their world's fastest Internet connection speed, which would make sense as to why South Korea has high technology exports.