The 32-year-old, a summer acquisition from Manchester City, saw fellow centre-backs Mamadou Sakho and Tiago Ilori arrive at Anfield on transfer deadline day.
The duo complemented the earlier signing of left-back Aly Cissokho and the Ivorian Toure believes that both new centre-back recruits have boosted competition within the heart of the club's defence.
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"That is the only way we can make the team better and I'm glad we have signed two very, very good players.
"We know all about Mamadou Sakho, he is a very good player. Tiago has also come in from Portugal and is a really good defender as well."
Toure, who could return to action in Monday's clash against Swansea after missing Liverpool's win over Manchester United with a groin injury, believes his experience gives him the edge of the Reds' new recruits in the battle for a first-team spot.
"I will always bring my experience," he continued.
"The competition will be fair and I will help them when they need it. We work as a team, but I will do my best to show the manager I can keep my place.
"I enjoy the responsibility [of leading by example]. With the experience I have, I can help them and show them the way."