Definition of Competition:
Economics: Rivalry in which every seller tries to get what other sellers are seeking at the same time: sales, profit, and market share by offering the best practicable combination of price, quality, and service. Where the market information flows freely, competition plays a regulatory function in balancing demand and supply.
The activity or condition of competing.
Synonyms of Competition
Rivalry, Competitiveness, Vying, Contesting, Opposition, Contention, Conflict, Feuding, Battling, Fighting, Struggling, Strife, War, Antagonism, Antipathy, Bad blood, Championship, Clashing, Collision, Competitor, Concours, Conflict, Contention, Contest, Contrariety, Contrariness, Corrival, Cross-purposes, Cutthroat competition, Disaccord, Dissension, Emulation, Enmity, Event, Fractiousness, Friction, Game, Gamesmanship, Hostility, Inimicalness, Jockeying, Lifemanship, Match, Meet, Meeting, Negativeness, Noncooperation, Obstinacy, One-upmanship, Oppugnancy, Perverseness, Recalcitrance, Refractoriness, Rencontre, Repugnance, Rivalry, Strife, Striving, Struggle, Tournament, Tug-of-war, Uncooperativeness, Vying, Warfare
How to use Competition in a sentence?
- The competition we experienced when entering the market place was thrilling enough to ensure that we would stay for a long time.
- The company was under serious competition from overseas companies which could manufacture a similar product for much less thanks to lower employee wages.
- There is fierce competition between banks.
Meaning of Competition & Competition Definition