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English definition of “competitive”

competitive

adjective     /kəmˈpetɪtɪv/ COMMERCE, ECONOMICS
competitive prices, services, etc. are as good as or better than other prices, services, etc.: The technology exists to convert grain and sugar to ethanol at a competitive price. We know we have competitive products to sell, if only consumers had access to them. The hotel works hard to offer competitive salaries and benefits to our employees. We can't put up our prices and still remain competitive with similar brands.
competitively /kəmˈpetɪtɪvli/ US   /-ˈpeṱəţɪv-/ adverb
(Definition of competitive adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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