In the context of factor endowments,which of the following are considered to be classified as advanced factors?

Question

Quizplus · Accepted Answer

Skilled labor and research facilities are considered advanced factors because they are created through investment, education, and training. They require more development and investment than other factors such as demographics, climate, and natural resources, which are primarily determined by geography and history.

In the Context of Factor Endowments,which of the Following Are