👉 Laggardness is an economic concept that refers to a situation where a company or individual's performance is lagging behind its peers in terms of financial performance, market share, and other factors. This can be due to various reasons such as poor management decisions, inadequate resources, weak competition, lack of innovation, or external factors like natural disasters or political instability. In the context of finance, laggardness refers to a situation where a company's financial ratios are too high relative to its competitors