Competition

Definition

Competition refers to the rivalry between individuals, groups, or nations who seek to outperform each other in order to achieve a desired goal or gain an advantage.

Related terms

Economic Competition: Rivalry among businesses or countries seeking market dominance and increased profits.

Ideological Competition: Clash of ideas and beliefs between different political systems or ideologies.

Trade Wars: Disputes between nations involving tariffs, trade barriers, and retaliatory measures aimed at gaining economic advantage.