Competition
/kəmˈpɛtɪʃən/
Definitions
- (n.) The act of striving to gain or win something by defeating others.
The two companies are in fierce competition for market share.
- (n.) A contest or rivalry between individuals or groups for a prize or advantage.
The tennis competition attracted players from around the world.
- (n.) Economic rivalry among businesses to attract customers and increase profits.
Anti-competitive practices can harm healthy competition in the market.
Related terms
Commentary
In legal contexts, 'competition' often refers to market dynamics and regulatory frameworks ensuring fairness and preventing monopolistic behavior.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.