Porter argued that in regard to factor endowments,__________ factors are the most significant for competitive advantage in his study dealing with the competitive advantage of nations.

Question

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Porter states that advanced factors such as technology, skilled labor, and infrastructure are the most significant for competitive advantage. Basic factors such as natural resources and unskilled labor are necessary but not sufficient, and standard factors such as regulations and factors of production are not considered significant for competitive advantage. Complementary and exclusive factors are not discussed in this context.

Porter Argued That in Regard to Factor Endowments,__________ Factors Are