Concept information
Preferred term
factor endowments
Definition
- Factor endowments refer to the resources a country possesses. Traditionally, land, labor, capital, and natural resources were considered as important factor endowments determining the prosperity of a nation. [Source: Encyclopedia of Business in Today's World; Factor Endowments]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/factor_endowments
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