Competitiveness
What Competitiveness means in Economics B A-Level, as defined for Pearson Edexcel.
Definitions of Competitiveness
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Check what you remember
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Reference: Pearson Edexcel
A firm's international position, improved when higher productivity lowers average costs and allows lower prices or higher profit margins.
The position of firms in international markets, which is reduced when low productivity raises their average costs.
Topics that use Competitiveness
- Productivity (Pearson Edexcel A-Level)
- The impact of inequality on economic agents (Pearson Edexcel A-Level)
Related terms
- Productivity
- Capital
- Capital-intensive production
- Economies of scale
- Human capital
- Labour-intensive production
- Unit costs
Using Competitiveness in the exam
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