Michael Porter has identified four key elements in a nation's competitive advantage.They are factor conditions,related and supporting industries; and company strategy,structure,and rivalry; and:

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The fourth key element in Michael Porter's model of competitive advantage is demand conditions. This refers to the nature and size of the domestic market, as well as the sophistication and diversity of demand for products and services. Factors such as consumer behavior, preferences, and tastes can also affect demand conditions.

Michael Porter Has Identified Four Key Elements in a Nation's