According to porter's diamond about national advantage, the potential of factor endowments is increased by four factors that increases the nation advantage, these factors are: factors condition; firm structure, strategy and rivarly; demand condition; related and supporting industries.
Factor Condition (FC), which is the state of factors of production in an industry such as labor and infrastructure.
Factor Condition (FC), namely the state of factors of production in an industry such as labor and infrastructure.
Competitive advantage refers to. distinctive assets or competencies of a firm that are difficult for competitors to imitate and are typically derived from specific knowledge, capabilities, skills, or superior strategies. Which of the following comparative advantages is acquired over time. innovative capacity.
Industrial cluster refers to a concentration of businesses, suppliers, and supporting firms in the same industry at a particular geographic location, characterized by a critical mass of human talent, capital, or other factors endowments. true.