Competition refers to the contest or rivalry between individuals, groups, or entities who are striving for a common goal that cannot be shared, such as resources, rewards, or recognition. It is a fundamental aspect of various contexts, including economics, business, sports, biology, and social interactions.
In economics and business, competition can drive innovation, improve quality, and lead to lower prices as companies strive to attract customers. In ecology, competition occurs when organisms vie for limited resources like food, space, or mates, influencing evolutionary processes.
Overall, competition can foster growth and excellence but can also lead to negative outcomes such as stress, unethical behavior, or environmental degradation if not managed properly.
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