In Porter's model, if a country has both and production factors, it is likely to serve an industry well by spawning strong home-country competitors that can also be successful global competitors.

Advanced; specialized

Explanation: Porter's law otherwise called the Porter's Five Forces is a model that identifies and analyzes five competitive forces that shape every industry and helps determine an industry's weaknesses and strengths and to identify an industry's structure to determine corporate strategy. Porter's model can also be applied to any segment of the economy to understand the level of competition within the industry and enhance a company's profitability for a long time.

The model was published in Michael E. Porter's book, "Competitive Strategy: Techniques for Analyzing Industries and Competitors" in 1980. The Five Forces model is widely used to analyze the industry structure of a company as well as its corporate strategy. Porter in his book showed five undeniable forces that play a part in shaping every market and industry in the world.

Porter's five forces are or Porter's law are;

1. Competition in the industry

2. Potential of new entrants into the industry

3. Power of suppliers

4. Power of customers

5. Threat of substitute products

These five forces are frequently used to measure competition intensity, attractiveness, and profitability of an industry or market anywhere in the world.

From the question, if a country have advanced and specialized production factor, the countries competitors will be strong at home and very successful globally according to Porter's law.

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