"Factor conditions" refers to a country's endowment with resources,which may have been created or inherited.

Name: "Factor conditions" refers to a country's endowment with resources,which may have been created or inherited.
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"Factor conditions" indeed refer to a country's endowment with resources, which can be either inherited (such as natural resources) or created (such as skilled labor force), highlighting the importance of both types of resources in contributing to a nation's competitive advantage.

"Factor Conditions" Refers to a Country's Endowment with Resources,which May