____ is the ability of a firm/industry,under free and fair market conditions,to design,produce,and market goods and services that are better and/or cheaper than those of other firms/industries.

Question

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Competitiveness refers to a firm's ability to offer better quality goods and services at lower prices compared to the competition. It involves designing, producing, and marketing products in a way that they are perceived as superior to their competitors' offerings. This competitive advantage can be achieved through innovation, cost-cutting measures, marketing strategies, or a combination of all these factors. Competitiveness is crucial for firms and industries to survive and thrive in a free and fair market environment.

____ Is the Ability of a Firm/industry,under Free and Fair