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What factors must a country possess in order to have a comparative advantage in the production of a specific good?

A country must have factors such as abundant resources, advanced technology, skilled labor, efficient infrastructure, and favorable government policies to have a comparative advantage in the production of a specific good.


Explain three factors that led to the introduction of a Management information system in an organisation in your country?

explain three factors that led to the introduction of mis in your country


List and explain the factors of production?

There are many factors of production. These factors include harvesting materials, bundling in some cases, sorting, and cleaning of many different products.


Australia's 4 factors of production?

Australia's (and every other country) four factors of production are:LandLabourCapitalEntrepreneurship.Hope this helps


Explain the factors detemimining working capital requirements of a firm?

The nature of the business, seasonality of production and the production cycles are some of the factors that determine the working capital requirements of a firm.


Factors of production in Germany?

Germany uses three factors of production. The country uses people, capital, and land in order to produce needed products.


What factors of production for this country?

natural resources labor capital entreprenuership


State and explain the four factors of production giving one example in each case?

Factors of production are the basic inputs used in the production of goods and services. It includes land,labour,capital and entrepreneurship. By Lamptey Samuel Boafo


What models are factors of production used to construct?

models purporting to explain growth, value, choice of production method, income distribution, and social classes.


Define and explain the four factors of production landlaborphysical capitalhuman capital?

Define factor of production land ,labour,physical capital ,human capital?


What are factors of production name any four factors of production.?

Factors of production


Does a country's infrastructure refer to its climate and natural resources?

No, a country's infrastructure refers to the physical components that make up its basic systems, including transportation, communication, energy, and water supply. Climate and natural resources are separate factors that can influence a country's development and economy.