Question

In: Economics

what does the "national diamond" refer to?

what does the "national diamond" refer to?

Solutions

Expert Solution

National diamond is nothing but the theory of competitive advantage proposed by Porter where the factors and arranged with their interrelatedness with each other It comes in the form of a diamond all these factors collectively club together to give a competitive advantage on the whole. These factors include

Firm structure and rivalry, factor conditions, demand conditions, related and supporting issues, chance.


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