Factor conditions being the inputs which influence competition in any industry contain a number of broad categories such as Physical resources, Human resources, Knowledge resources, Capital resources and Infrastructure resources. When analyzing these factors as a precondition for building competitive advantage, it is relatively not important to emphasize just their quantity or participation in a …show more content…
They contain natural resources, weather, position, labor, and capital. On the other side advanced factors which can include highly educated workforce, modern infrastructure, and etc. demand wide and often sustained investments for their development. Factor development which has been carried out over fundamental investment, in turn, provides for the creation of a higher-order competitive advantage and, therefore, supposes greater importance for