In competitive electricity market, oligopoly and transmission congestion lead to the reduction of the operational efficiency of the market.

在竞争性电力市场中，寡头垄断特性以及输电阻塞的存在会降低市场的运行效率。

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The reduction of production cost plays an important role for business to survive in the highly competitive market.

在现今高度竞争的环境中，生产成本的降低为企业生存的重要因素。

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With the global industrial competition and rapid technological innovation, enterprises often take some measures such as cost reduction and changes in order to maintain a competitive advantage.

随着产业竞争的全球化和技术的快速革新，企业为了保持竞争优势，往往通过降低成本和实施变革的措施来实现。

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"Competitive austerity blind to the need to secure growth will secure neither deficit reduction nor economic growth that improves living standards, " he warned.

BBC: Hague criticises Labour's legacy on EU

Scottish Conservative Party spokesman Murdo Fraser called for a reduction in business rates to below the English level to give Scottish firms a "competitive advantage".

BBC: Beer pumps inside a pub