With factor conditions, Porter's diamond model distinguishes between basic factors, those a country inherits, and

Question

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Porter's diamond model distinguishes between basic factors, which are inherited by a country, and advanced factors, which a country can mold or develop through investments. Labor and infrastructure are examples of advanced factors that can give a country a competitive advantage. Option A is incorrect because imported factors are not part of the factor conditions in Porter's model. Option B is incorrect because demand conditions are a separate factor in the diamond model. Option C is incorrect because climate conditions are not one of the determinant factors in the model.

With Factor Conditions, Porter's Diamond Model Distinguishes Between Basic Factors