The capacity of one person or group to perform better than another in a specific market or industry.*1 pointWisdomCompetitivenessGlobal RecognitionStrategy

The term that best describes "the capacity of one person or group to perform better than another in a specific market or industry" is Competitiveness.

Explanation:

Competitiveness refers to the ability of an individual or group to compete effectively with others in the same market or industry. It encompasses various factors, including productivity, innovation, quality of goods or services, and pricing strategies. A competitive entity can gain market share and improve its position through superior performance compared to its rivals. Factors that contribute to competitiveness include the skill level of workers, technological advancements, and the efficiency of operational processes. Thus, when discussing market dynamics and comparing the performance of various players, competitiveness is the key attribute that indicates who might succeed or fail against their peers within the same industry.