b) Factors

b) factors influencing international competitiveness


factors that influence international competitiveness

  • relative wages

  • relative productivity

  • relative inflation rate

  • relative level of government regulations


high relative wages…

  • increases production costs


a high relative productivity…

  • decreases the labour cost per unit of output


a high relative inflation rate

  • increases production costs


a high relative level of government regulations

  • increases production costs