Final answer:
Porter posited that advanced factors like technology and skilled labor are critical for a state's competitive advantage and these factors result in a comparative advantage on the global stage.
Step-by-step explanation:
Porter argued that in terms of factor endowments, advanced factors such as technology, innovation, and skilled labor are the most significant for competitive advantage. These advanced factors contribute more to a state's economic power and competitive edge than just the basic factors of production such as land, labor, and capital. This is because advanced factors can lead to higher productivity and the development of unique products or services that give a country a comparative advantage in the global market. For instance, countries with advanced research and development capabilities can innovate and improve technologies, thus contributing significantly to economic growth, as seen with the robust tech industry in California due to its wealth of venture capitalists and investors. As Porter's theory suggests, the focus on advanced factor endowments helps nations strategically invest within their borders and become preferred resources for consumers internationally.