Competitiveness

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This page refers to the econometric term. For other uses, see Competition.

Competitiveness is a comparative measure of the ability and performance of a firm or sub-sector to sell and supply goods and/or services in a given market. The two academic bodies of thought on the assessment of competitiveness are the Structure Conduct Performance Paradigm and the more contemporary New Empirical Industrial Organisation model. Predicting changes in the competitiveness of business sectors is becoming an integral and explicit step in public policy making. Within capitalist economic systems, the drive of enterprises is to maintain and improve their own competitiveness.

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