Võrdlusvõimeline

Võrdlusvõimeline is an Estonian term that translates to "comparable" or "competitive" in English. It is often used in economic contexts to describe the ability of a country or its industries to compete in the international market. This competitiveness can be influenced by a variety of factors, including productivity, innovation, labor costs, and the quality of goods and services.

When an economy or a specific sector is described as võrdlusvõimeline, it implies that it can successfully contend with similar entities in other countries. This can be measured through various indicators such as export performance, market share, and the ability to attract foreign investment. A strong võrdlusvõimeline position generally leads to economic growth and improved living standards.

Conversely, a lack of võrdlusvõimeline can signal underlying issues within an economy, such as outdated technology, high production costs, or a lack of skilled labor. Addressing these challenges is often a priority for policymakers aiming to enhance national competitiveness. The concept is dynamic, as global markets and technological advancements constantly shift the benchmarks for comparison.