Answer:
Factor Conditions
Explanation:
Factor Conditions -
This is the condition , which refers to the availability of human resources , the capital and the natural resources , are the factor condition .
The example for Natural resource , is Saudi Arabia , being extremely rich in oil , and is the largest exported of oil to various countries .
Human resources , refers to availability of knowledge and skilled labor .
According to porter , these factors need to be upgraded from time to time , to deal with the competition of the growing world .