the act or process of competing; rivalry
an organized test of comparative skill, performance, etc
the competing of two or more parties to do business with another
In economic analysis, competition comes in several forms, each sometimes defined by the degree of power companies have to change market prices by changing their output. More pure competition implies each company is a smaller part of its market, and has less power to determine its own prices. This is held to promote short-run benefits (such as lower consumer prices) and more significant long-run advantages (such as enhancing incentives for innovation); although some forms of so-called ‘imperfect competition’ can promote wasteful and spurious product distinctions — Evan Davis
(treated as sing. or pl) others competing in a race, in business, etc
keeping ahead of the competition
competing demand by two or more organisms or kinds of organisms for some environmental resource in short supply
[late Latin competition-, competitio, from Latin competitus, past part. of competere: see compete]