How Does the Specific Factors Model Differ from the

question 32

Essay

How does the specific factors model differ from the
Heckscher­Ohlin (HO) model?

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Definitions:

Internalize

Refers to the process of incorporating external costs or benefits into a company's decision-making process.

ISO 14000

A family of standards related to environmental management systems and tools designed to help organizations minimize negative effects on the environment.

Sustainability

The capacity for systems, processes, and activities to maintain themselves over time and minimize negative environmental impacts.

Recycling Cost

Expenses associated with the collection, sorting, processing, and reuse of materials to prevent waste.