E3 EXAM

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is defined as an organization’s capacity to accomplish its objective more successfully than rival organizations.

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Competitiveness

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improves the corporate sector’s productivity and international competitiveness, as well as promoting dynamic markets and economic growth.

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Competition

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- Are humanly devised structures of rules and norms that shape and constrain individual behavior.

- The quality of institutions has a significant impact on competitiveness and growth. It influences investment decisions and production organization, as well as how societies distribute the advantages and incur the costs of development plans and policies.

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INSTITUTIONS

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- that is extensive and efficient is vital for the economy’s successful functioning, as it is key component in determining the location of economic activity and the kind of activities or sectors that can grow inside a country.

- Build build build project.

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INFRASTRUCTURE

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- stability is vital for businesses and, as a result, for a country’s overall competitiveness. Although it is true that macroeconomic stability alone cannot enhance a

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MACROECONOMIC ENVIRONMENT

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- A healthy workforce is vital to a country’s competitiveness and productivity. Workers who are ill cannot function to their potential and will be less productive.

*Poor health leads to significant costs to business, as sick workers are often absent or operate at lower levels of efficiency.

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HEALTH AND PRIMARY EDUCATION

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- For countries that aspire to progress up the value chain beyond simple industrial processes and goods, high-quality higher education and training is critical.

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HIGHER EDUCATION AND TRAINING

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- Countries with efficient goods markets are ideally positioned to produce the optimal mix of products and services given their specific supply-and-demand conditions, as well as to ensure that these items can be traded throughout the economy most effectively

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GOODS MARKET EFFICIENCY

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- The ___________ and flexibility are crucial for ensuring that workers are assigned to the most productive use in the economy and that they are rewarded for putting out their best effort in their jobs.

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LABOR MARKET EFFICIENCY

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- The financial and economic crisis has highlighted the central role of a sound and well-functioning financial sector for economic activities. An efficient financial sector allocates the resources saved by a nations’ citizens, as well as those entering the economy from abroad, to their most productive uses.

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FINANCIAL MARKET DEVELOPMENT