Meaning of the word competitiveness in English

What does competitiveness mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

competitiveness

US /kəmˈpet̬.ə.t̬ɪv.nəs/
UK /kəmˈpet.ɪ.tɪv.nəs/
"competitiveness" picture

Noun

1.

the ability of a company or country to produce goods or services as cheaply or better than others

Example:
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The company improved its competitiveness by investing in new technology.
•
Maintaining economic competitiveness is crucial for national growth.
2.

the quality of being as good as or better than others of a comparable nature

Example:
•
Her strong competitiveness drives her to always strive for excellence.
•
The team showed great competitiveness throughout the tournament.