A factor endowment, in economics, is commonly understood to be the amount of land, labor, capital, and entrepreneurship that a country possesses and can exploit for manufacturing. Countries with a large endowment of resources tend to be more prosperous than those with a small endowment if all other things are equal. The development of sound institutions to access and equitably distribute these resources, however, is necessary in order for a country to obtain the greatest benefit from its factor endowment.
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| - Faktorausstattung (de)
- Factor endowment (en)
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| - Unter Faktorausstattung (englisch factor endowment) versteht man in der Volkswirtschaftslehre die Faktorproportionen zwischen den drei Produktionsfaktoren Arbeit, Boden und Kapital in einem Staat.Die Faktorausstattung einer Volkswirtschaft beeinflusst Vorteilhaftigkeit und Richtung des Außenhandels. (de)
- A factor endowment, in economics, is commonly understood to be the amount of land, labor, capital, and entrepreneurship that a country possesses and can exploit for manufacturing. Countries with a large endowment of resources tend to be more prosperous than those with a small endowment if all other things are equal. The development of sound institutions to access and equitably distribute these resources, however, is necessary in order for a country to obtain the greatest benefit from its factor endowment. (en)
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| - Unter Faktorausstattung (englisch factor endowment) versteht man in der Volkswirtschaftslehre die Faktorproportionen zwischen den drei Produktionsfaktoren Arbeit, Boden und Kapital in einem Staat.Die Faktorausstattung einer Volkswirtschaft beeinflusst Vorteilhaftigkeit und Richtung des Außenhandels. (de)
- A factor endowment, in economics, is commonly understood to be the amount of land, labor, capital, and entrepreneurship that a country possesses and can exploit for manufacturing. Countries with a large endowment of resources tend to be more prosperous than those with a small endowment if all other things are equal. The development of sound institutions to access and equitably distribute these resources, however, is necessary in order for a country to obtain the greatest benefit from its factor endowment. (en)
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