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Competitiveness is a set of factors that decide the productivity of a country, business, or similar entity. Productivity is important because it affects income and growth, which impacts society. Increased competitiveness equals more productivity and wealth and therefore higher quality of life. Measures of competitiveness include export quotient (foreign sales divided by output), market share, and profitability. A company, country, or industry evaluates competitiveness in terms of how well it... więcej
Salem Press Encyclopedia, 2020. 3p.
