Is factor endowment always a necessity for the development of an industry? Discuss with reference to Assam.
Q. Is factor endowment always a necessity for the development of an industry? Discuss with reference to Assam. Ans: Factor endowment refers to the availability of various factors of production, such as land, labor, capital, and natural resources, that are necessary for the development of industries. While factor endowment can play a significant role in …