What Is Competition?

Competition is when you are into a contest with two or more people, and you try all your best to be more successful than the other person or the other party, because they are also doing the same as you are doing.

Competition involves a struggle between individuals or groups striving to achieve the same goal.  The goal cannot be achieved by everybody involved.  This means one individual or group succeeds and the other individual or group fails.  Competition is a great motivating force for individuals or groups to work hard and strive to do their best.  Competition is found in many fields of human activity such as sports, education, business, and politics.  There are many goals for which people compete against each other to achieve such as fame, fortune, friendship, and knowledge.  Competition is an essential component of a free-market economy.  Businesses must strive to produce the highest-quality products or provide the best services at the lowest prices in order to win consumer acceptance and support.  If Company A fails to do this, consumers can take their patronage to Company B who will.  Company B will be more profitable than Company A because Company A did not produce the products or provide the services to the consumer's satisfaction.  People compete against each other for jobs with the determining factors being the experience, knowledge, and skills that the employer demands. In a society with a democratic government, candidates for political positions must compete against each other to win voter approval and get elected.  Students compete to achieve the highest grades or for scholarships.  Competition is a major component of games and sports.  Players compete according to a set of rules and the competition is governed and judged by referees, umpires, and scorekeepers.  Competition is not just a human activity but is found among other animal species seeking food, shelter, and protection from predators.  Species who are able to adapt well to their natural environment will survive and propagate while those who do not will die and become extinct.

Islamia University Bahawalpur. BSIT-2010(E) Competition involves Therefore "Man is born free and every where he is in Chain" Competition involves a struggle between individuals or groups striving  to achieve the same goal.  The goal cannot be achieved by everybody  involved.  This means one individual or group succeeds and the other  individual or group fails.  Competition is a great motivating  force for individuals or groups to work hard and strive to do their  best.  Competition is found in many fields of human activity such as  sports, education, business, and politics.  There are many goals for  which people compete against each other to achieve such as fame,  fortune, friendship, and knowledge.  Competition is an essential  component of a free-market economy.  Businesses must strive to produce  the highest-quality products or provide the best services at the lowest  prices in order to win consumer acceptance and support.  If Company A  fails to do this, consumers can take their patronage to Company B who  will.  Company B will be more profitable than Company A because Company A  did not produce the products or provide the services to the consumer's  satisfaction.  People compete against each other for jobs with the  determining factors being the experience, knowledge, and skills that the  employer demands. In a society with a democratic government, candidates  for political positions must compete against each other to win voter  approval and get elected.  Students compete to achieve the highest  grades or for scholarships.  Competition is a major component of games  and sports.  Players compete according to a set of rules and the  competition is governed and judged by referees, umpires, and  scorekeepers.  Competition is not just a human activity but is found  among other animal species seeking food, shelter, and protection from predators.  Species  who are able to adapt well to their natural environment will survive  and propagate while those who do not will die and become extinct.

'Competition' is defined as:
NOUN
1) a situation in which individual people or groups of people involved in the same enterprise are striving to achieve the same goal
2) a situation in business in which a particular number of companies produce and/or sell identical or similar goods or services at the lowest possible prices in order to earn the highest possible profit
3) a situation in biology in which organisms that are the best adapted to their environment survive and thrive

Competition means when you compete with somebody else you guys are making a competition

Competition is where two or more business organisations dealing with a similar products/services are competing on the same ground for the purpose of capturing the mind-attraction of a whole lot of customers/subscribers (in a GSM operated services) to it own business/service providing, owing to the value,and extra value added services it has to offer for those intended customers over it competitor.