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Competition in sports. One selection of images showing some of the sporting events that are classed as athletics competitions. Competition is a rivalry where two or more parties strive for a common goal which cannot be shared: where one's gain is the other's loss (an example of which is a zero-sum game ). [1]
v. t. e. In economics, competition is a scenario where different economic firms [Note 1] are in contention to obtain goods that are limited by varying the elements of the marketing mix: price, product, promotion and place. In classical economic thought, competition causes commercial firms to develop new products, services and technologies ...
Competition (biology) Competition is an interaction between organisms or species in which both require a resource that is in limited supply (such as food, water, or territory ). [1] Competition lowers the fitness of both organisms involved since the presence of one of the organisms always reduces the amount of the resource available to the other.
Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. [1] [2] Competition law is implemented through public and private enforcement. [3] It is also known as antitrust law (or just antitrust [4] ), anti-monopoly law, [1] and trade practices law; the act of ...
Interspecific competition, in ecology, is a form of competition in which individuals of different species compete for the same resources in an ecosystem (e.g. food or living space). This can be contrasted with mutualism, a type of symbiosis. Competition between members of the same species is called intraspecific competition .
Intraspecific competition is an interaction in population ecology, whereby members of the same species compete for limited resources. This leads to a reduction in fitness for both individuals, but the more fit individual survives and is able to reproduce. [1] By contrast, interspecific competition occurs when members of different species ...
v. t. e. In economics, specifically general equilibrium theory, a perfect market, also known as an atomistic market, is defined by several idealizing conditions, collectively called perfect competition, or atomistic competition. In theoretical models where conditions of perfect competition hold, it has been demonstrated that a market will reach ...
Competition law. Anti-competitive practices are business or government practices that prevent or reduce competition in a market. Antitrust laws ensure businesses do not engage in competitive practices that harm other, usually smaller, businesses or consumers. These laws are formed to promote healthy competition within a free market by limiting ...