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3 Cards in this Set
- Front
- Back
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International competitiveness is the degree that a country can produce goods and services which meet the test of international markets, while simultaneously maintaining the expansion of real incomes of its people over long term. |
International competitiveness |
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Economic Performance > Relative Inflation & Relative Exchange Rate Business Efficiency & Infrastructure > Labour Productivity & Relative wages |
Determinants of the competitiveness of goods and services: |
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High wages and a high exchange rate have been responsible for Australia's lack of competitiveness. |
Recent trend in Australia's competitiveness. |
