What is competition?

  • (noun): A business relation in which two parties compete to gain customers.
    Example: "Business competition can be fiendish at times"
    See also — Additional definitions below

Competition

Competition in biology, ecology, and sociology, is a contest between organisms, animals, individuals, groups, etc., for territory, a niche, or a location of resources, for resources and goods, for prestige, recognition, awards, mates, or group or social status, for leadership; it is the opposite of cooperation. It arises whenever at least two parties strive for a goal which cannot be shared or which is desired individually but not in sharing and cooperation. Competition occurs naturally between living organisms which co-exist in the same environment. For example, animals compete over water supplies, food, mates, and other biological resources. Humans compete usually for food and mates, though when these needs are met deep rivalries often arise over the pursuit of wealth, prestige, and fame. Competition is also a major tenet in market economy and business is often associated with competition as most companies are in competition with at least one other firm over the same group of customers, and also competition inside a company is usually stimulated for meeting and reaching higher quality of services or products that the company produce or develop. A competition or trade promotion lottery, is also the equivalent of sweepstakes in some countries.

Read more about Competition.

Some articles on competition:

Odyssey Of The Mind
... OM (although the official acronym is OotM), is a creative problem-solving competition involving students from kindergarten through college ... problem (the Long Term problem) and present their solution to the problem at a competition ... solutions to a problem they have not seen before this is the spontaneous competition ...
Unearthed (talent Contest) - Unearthed High (2008– )
... During early 2008 Triple J launched the biggest unearthed competition ever, the 'Unearthed High' competition ... This new competition, run parallel to the existent internet based Unearthed competition required high school aged bands to submit original work ... And it suits the format of the way we write." The 2009 competition was won by Howl, a 6 piece band with their song "Blackout" ...
Gymnastics At The 1904 Summer Olympics
... out over several months, and the gymnastics competition was no different ... The team competition was a combination of individual scores from the individual all-around ...
The Rugby Championship - Competition
... The competition begins in July ... The Tri Nations opens after the completion of the Super Rugby competition for the year because players from the SANZAR countries are involved in both ...
Individual Events (speech)
... Individual events is a type of speech competition characterized by individuals competing in a variety of different events ... Debate, Individual Events is actually a unique form of competition, often referred to simply as Speech Team or Forensics ... Organized competition takes place both on the high school and collegiate level ...

More definitions of "competition":

  • (noun): The act of competing as for profit or a prize.
    Synonyms: contention, rivalry
  • (noun): An occasion on which a winner is selected from among two or more contestants.
    Synonyms: contest

Famous quotes containing the word competition:

    The elements of success in this business do not differ from the elements of success in any other. Competition is keen and bitter. Advertising is as large an element as in any other business, and since the usual avenues of successful exploitation are closed to the profession, the adage that the best advertisement is a pleased customer is doubly true for this business.
    Madeleine [Blair], U.S. prostitute and “madam.” Madeleine, ch. 5 (1919)

    All adults who care about a baby will naturally be in competition for that baby.... Each adult wishes that he or she could do each job a bit more skillfully for the infant or small child than the other.
    T. Berry Brazelton (20th century)

    Sisters define their rivalry in terms of competition for the gold cup of parental love. It is never perceived as a cup which runneth over, rather a finite vessel from which the more one sister drinks, the less is left for the others.
    Elizabeth Fishel (20th century)