According to Porter's diamond,a nation's position in elements of production such as skilled labor or the infrastructure necessary to compete in a given industry is best referred to as:

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Porter defines factor endowments,one of the four attributes of a nation that shape the environment in which local firms compete,as a nation's position in factors of production such as skilled labor or the infrastructure necessary to compete in a given industry.

According to Porter's Diamond,a Nation's Position in Elements of Production