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Porter's Theory Counts Demand Conditions as One of the Four

question 45

Essay

Porter's theory counts demand conditions as one of the four broad attributes of a nation,shaping the environment in which local firms compete.Briefly explain how it is so and mention at least two examples to support the explanation.


Definitions:

Thalamus

A vital structure in the brain that acts as a relay station for sensory information, excluding the sense of smell.

Hypoglycemia

A medical condition where blood glucose levels fall below the normal range, causing symptoms like dizziness, confusion, and weakness.

Cretinism

A condition resulting from the severe deficiency of thyroid hormone in infancy, leading to stunted physical and mental growth.

Thyroid Gland

A butterfly-shaped gland located in the neck that produces hormones regulating metabolism, body energy, and the functioning of other body systems.

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