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Canada's economic system is a market economy, encompassing the production,
sales and distribution of goods and services based upon
prices set in the marketplace. The marketplace establishes an economic
framework within which firms compete on the basis of a number
of factors: price, quality, delivery, after-sales service etc. Competitiveness is
a measure of the ability to succeed in this context. This article presents several
different approaches to mcasuring competitiveness, and analyzes many of the
factors influencing its enhancement.
TJlE CONCEPT OF COMPETITJWNESS
The World Competitiveness Report, prepared by the Geneva-based World Economic
Forum and the International Management Development Institutc in
Lausanne, defines competitiveness as "...the ability to design, produce and market
goods and services, the price and non-price characteristics of which form a
more attractive package than those of c~mpetitors."~
Global Competitiveness
Until relatively recently......

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Approximate Word Count: 3839
Approximate Pages: 16 (250 words per double-spaced page)

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