It should also be mentioned the index on the relationship between women
and men in the labor market and not least, the rigidity of employment index
in the labor market as competitive factors in the analysis of environmental
factors.
Researching further the efficiency promoters in understanding the
competitive environment has highlighted an important financial market
development. Definitely, financial market is actually a factor in the
development of an efficient and attractive business environment. Therefore,
the components that make up this factor are the availability of financial
services on the one hand, and accessibility on the other. Competitive
environment can be directly influenced by the way in which firms can have
market access of financial services to what on the one hand leads to business
financing through local equity market, and on the other hand facilitates
access to credit where need. It should be noted that financial market
development in terms of competitive environment is related to the risk
propensity of the actors in the market and not at least the banking system
soundness. It can be also noticeable that financial market legislation is an
important pillar with regulations on this market activity correlated with
competitive mechanisms.
Technological preparation is a component factor of efficiency. Certainly,
technology is behind all major changes in economic activity. Technical
progress is a key issue in economic cyclicality. Thus, competitive
environment is influenced by companies’ access to the latest technology in
the market and also by the absorption of technological perspective that
competitors can touch. An important link can be made between the level of
foreign direct investment and technology transfer. A high level of foreign
investment would certainly lead to a transfer of technology and know-how in
order to stimulate enough competition in the environment, or at national
economy level. Competitive perspective would not be neglected, and also
indicators on the number of Internet users and the number of Internet
subscribers, given the fact that economic development is dependent on
technological preparation of competitors. Any business requires a large
number of technologies. All firms do require a certain type of technology,
even if it appears that one or more technologies dominate product or
production process. The importance of technology for competition does not
depend on its scientific value or importance in achieving distinctive physical
product (P. 1998: 167).
A final pylon in assessing the effectiveness of the competitive
environment is the market size. In this respect, one can appreciate the size of
the internal market on the one hand, and on the other the foreign market size.
Coexistence of large, modern enterprises of international dimension with a
vast network of SMEs in most cases generate partnerships through a