Question
Factor conditions in Michael Porter's competitive advantage of Nations include
The correct answer is
Skilled labour and scientific knowledge
Porter’s factor conditions include the inputs and capabilities available to firms, such as skilled labour, scientific knowledge and specialised infrastructure. These differ from demand conditions, related industries and domestic rivalry.
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Important Questions from Theories of international trade
- According to Heckscher - ohlin theorem, a nation will export a commodity which is :
- Which one of the following assumptions is the most important assumption in the Heckscher - ohlin theorem of international trade ?
- Who among the following has given Absolute Advantage Model of international trade ?
According to Porter Diamond Model which of the following is NOT a factor of national competitive advantage?
According to the Heckscher-Ohlin theory, which one of the following statements is correct?
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