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Essay text:
They are: factor conditions, demand conditions, related and supporting industries, and domestic rivalry. Factor conditions refers to inputs used as factors of production - such as labor, land, natural resources, capital and infrastructure. Switzerland was the first country to experience labor shortages. They abandoned labor-intensive watches and concentrated on innovative/high-end watches. Japan has high priced land and so its factory space is at a premium. This lead to just-in-time inventory Sweden has a short building season and high construction costs. These two things combined created a need for pre-fabricated houses...
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Common topics in this essay:
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