Every day,in a third-class carriage of the express train that rolls between Bombay and Ahmedabad,plainly dressed couriers carry precious cargo: diamonds.Rough gems are imported to Bombay from dealers in London,Antwerp,Tel Aviv,and New York,taken by these couriers to cutting and polishing centers in Gujarat state,and then carried back to Bombay to be reexported to the world.This system,based on trust,secrecy,and skilled low-cost labour,has been working for half a century.It has helped make India the world's premier center for diamond cutting and polishing.Nine out of every 10 stones sold in the world pass through India,making diamonds that country's largest export at $6.6 billion a year.This ability to use its skilled labour as a resource is an example of what Michael Porter would term:

Question

Quizplus · Accepted Answer

The ability of India to use its skilled labor as a resource is an example of factor conditions, which refers to the nation's stock of factors such as human resources, physical infrastructure, natural resources, capital resources, and technological resources, which can be developed and deployed to create competitive advantages in various industries.

Every Day,in a Third-Class Carriage of the Express Train That