Productivity

Competitiveness in Economics

Competitiveness is the capability a country or company has to achieve profitability in the market in relation to its competitors.

Competitiveness depends on the relationship between the value and quantity of the outputs offered and the inputs needed to obtain profitability (productivity), as well as the productivity of the other bidders that exist in the market. The concept of competitiveness can be applied to both a company and a country.

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