Competition

Competition refers to the contest or rivalry between individuals, groups, organizations, or species striving for the same goal, often related to limited resources, recognition, or market share. In the context of economics, competition typically describes the dynamic between businesses that offer similar products or services, driving innovation and efficiency while influencing pricing and quality. In ecology, competition occurs when different species or individuals vie for resources such as food, space, or mates. Overall, competition fosters improvement and adaptation, pushing entities to enhance their offerings or strategies to succeed.