Factors of Competitive Advantage of Territory on the Regional Level

Abstract

The main aim of the paper is to identify the meaning of factors which influence creation, identification and utilization of competitive advantage of territory on the regional level. Through the theoretical knowledge and its analogical using in the conditions of regions and through the results of own researches, we characterize the meaning of various factors on the regional competitiveness. The basic assumption of the paper is that the market is the key element which defines the real competitive advantage which has the strategic meaning for regional development. The paper identifies the key factors of competitiveness including the cooperation in the conditions of regions and brings new theoretical approach to the utilization of competitive advantage in t erritories.Competitive advantage; regions; factors