Resource Endowment

Resource endowment, or factor endowment, refers to the quantity, quality and the combination level of various production factors in a country or region, such as labor force, capital, land, technology, management, and so on. If the proportion of the supplication of a certain factor in a country's factor endowment is greater and the price is lower than that of the same factor in other countries, then this country's factor is relatively abundant. On the contrary, if the supply and proportion of a certain factor in a country is smaller and the price is higher than that of other countries, then the factor in this country is relatively scarce.

Edited and translated by Zhang Yifei