word
Factor Endowment
FAK-ter en-DOW-ment
/ˈfæktər ɪnˈdaʊmənt/Listen
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Syllable breakdown
factorendowment
Dictionary meaning
The stock of factors of production (land, labour, capital, and technology) available to a country; differences in factor endowments between countries drive trade patterns according to the Heckscher-Ohlin model.
Examples
- Bangladesh's large labour endowment gives it a factor advantage in labour-intensive garment manufacturing.
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