The Four Aspects of Porter's Model of National Competitive Advantage

question 95

Multiple Choice

The four aspects of Porter's model of national competitive advantage include all of the following EXCEPT the:

• A) Factor condition.
• B) Demand condition.
• C) Economic institutions.
• D) Supporting industry.

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Definitions:

Agents of Socialization

Individuals, groups, or institutions that play a significant role in integrating people into social life by teaching norms, values, and skills.

Social Development

The process by which society evolves to improve conditions for social interaction, social justice, and the well-being of its members.

Major Agents

Influential entities or individuals that have significant impact or control in specific contexts, such as socialization or change.

Agents of Socialization

Individuals, groups, and institutions that significantly influence one's social development, norms, and roles within society.