C1nounformalbusinessmoney
US/kəmˈpet.ə.tɪv.nəs/
UK/kəmˈpet.ɪ.tɪv.nəs/
the ability of a company or country to succeed against others in a market
In context
Higher wages may reduce the competitiveness of our exports.
The report ranks the country high for economic competitiveness.
We must improve our competitiveness by cutting costs and training staff.
Words that go with competitiveness
verb + noun
- improve competitivenessNew machines will improve competitiveness.
- boost competitivenessLower taxes could boost competitiveness.
- lose competitivenessThe industry lost competitiveness to cheaper imports.
adjective + noun
- economic competitivenessEducation is key to economic competitiveness.
- global competitivenessThe firm wants to protect its global competitiveness.
noun + preposition
- competitiveness ofThe competitiveness of small firms is under threat.
Common mistakes
Incorrect:
increase the competition of our productsCorrect: increase the competitiveness of our products