International competitiveness
What International competitiveness means in Economics GCSE, as defined for AQA.
Definitions of International competitiveness
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Reference: AQA
A long-term quality of domestic firms that supply-side policies can improve, for instance by investing in education to boost productivity, which helps increase exports over time.
Reduced by poor productivity or high relative inflation, making a country's goods less competitive and causing a deficit.
A business's ability to compete internationally, which can be harmed when inflation forces price increases.
Topics that use International competitiveness
- Balance of payments (AQA GCSE)
- Inflation and price stability (AQA GCSE)
Related terms
- Inflation
- Aggregate demand
- Balance of payments
- Balance of trade
- Consumer Price Index (CPI)
- Consumer Prices Index
- Cost-push inflation
- Current account
Using International competitiveness in the exam
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