A2 Economics- Competition Basic things to know for competitiveness 2.0 / 5 based on 3 ratings ? EconomicsCompetitive marketsA2/A-levelEdexcel Created by: PreeyaCreated on: 21-01-12 20:15 International Competitiveness The degree to which a firm succeeds in selling its good when there is competition in the market place 1 of 5 Why do some firms succeed in competition low price due to lower labour, tax costs etc.. Design quality reliability after sales service 2 of 5 Global competitiveness index Balance of Payments current account / % share of world trade 3 of 5 Non-price factors Unit Labour costs GDP per worker (Productivity) Relative Export & Import Prices GDP Per worker per Hour worked 4 of 5 Real exchange rate RPI/Overseas average price index * effective exchange rate 5 of 5
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