economic competitiveness

Economic competitiveness refers to a country's ability to produce goods and services that are valued globally, while maintaining an environment that encourages innovation, productivity, and cost-efficiency. It reflects how well a nation can attract investments, create jobs, and sustain economic growth compared to other countries. Factors influencing competitiveness include infrastructure, education, technology, regulatory policies, and business climate. A highly competitive economy adapts quickly to global trends, offers quality products at competitive prices, and fosters innovation, all of which contribute to improved living standards and long-term prosperity.