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competition - Meaning and Examples

Meaning of 'competition' (Webster Dictionary)

1 . Competition [ n.]
- The act of seeking, or endeavoring to gain, what another is endeavoring to gain at the same time; common strife for the same objects; strife for superiority; emulous contest; rivalry, as for approbation, for a prize, or as where two or more persons are engaged in the same business and each seeking patronage; -- followed by for before the object sought, and with before the person or thing competed with.

Meaning of 'competition' (Princeton's WordNet)

1 . competition [ n]
Meaning (1):
- a business relation in which two parties compete to gain customers
Example in sentence:
  • business competition can be fiendish at times
Meaning (2):
- the contestant you hope to defeat
Example in sentence:
  • he had respect for his rivals;
  • he wanted to know what the competition was doing
Meaning (3):
- the act of competing as for profit or a prize
Example in sentence:
  • the teams were in fierce contention for first place

Nearby Words:

com- coma comanches comart comate comatose comatous comatula comatulid comb

See 'competition' also in:

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Related Definitions

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  • Competition-Oriented Pricing
    Competition-Oriented Pricing is a pricing method whereby a firm sets prices on the basis of its competitor’s prices rather than its own costs
  • Open-competition law
    Open-competition law is a law for regulating insurance rates under which insurers are not required to file rates with the state insurance department but may be required to furnish rate schedules and
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  • Monopolistic competition
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  • Perfect Competition
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