Competition

Competition refers to the contest or rivalry between individuals, groups, or organizations striving for a common goal, often in pursuit of limited resources, opportunities, or advantages. It is a fundamental aspect of various fields, including economics, business, sports, and biology. In economics, competition can drive innovation and efficiency as entities seek to outperform one another, often leading to better products and services for consumers. In nature, competition exists among species vying for food, mates, or territory, influencing evolutionary processes. Overall, competition encourages adaptation, improvement, and progress within any defined system where multiple parties are involved.