Competition

Competition refers to the process or state in which individuals or entities strive against one another to achieve a common goal, typically in a situation where resources are limited. It is often characterized by rivalry among participants for advantages, such as recognition, rewards, or market share. In economic contexts, competition occurs when businesses vie for customers by offering better products, prices, or services. In ecology, it describes the relationships between organisms that compete for resources like food, territory, or mates. Additionally, competition can be found in various fields, including sports, academia, and even social settings, where participants aim to outperform one another. Overall, competition is a fundamental aspect of many systems, driving innovation, growth, and improvement through the challenges it presents.