Porter argued that in terms of factor endowments,_____ factors are the most significant for competitive advantage.

Question

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Porter argues that advanced factors are the most significant for competitive advantage.Unlike naturally endowed basic factors,advanced factors are products of investment by individuals,companies,and governments.Thus,government investments in basic and higher education,by improving the general skill and knowledge level of the population and by stimulating advanced research at higher education institutions,can upgrade a nation's advanced factors.

Porter Argued That in Terms of Factor Endowments,_____ Factors Are