Definition, Meaning & Synonyms

economically-competitive

adjective

/ɪˈkɒnəmɪkli kəmˈpɛtɪtɪv/

Definition

Able to compete effectively in terms of economic efficiency, cost, and value.

Examples

Startups often strive to create economically-competitive products to capture market share.
Investing in renewable energy can make a nation more economically-competitive in the global market.
The company’s focus on innovation has helped it remain economically-competitive despite rising costs.

Meaning

Refers to a situation where a country, business, or individual can offer goods or services at prices that are attractive compared to others in the market, ensuring they can thrive economically.