Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “competition”

competition

noun
 
 
/ˌkɒmpəˈtɪʃən/
[U] ECONOMICS the situation in which people or businesses are trying to be more successful than each other, for example by making more sales in a market: There has always been competition between the auto manufacturers. stiff/fierce/strong/tough competition Some healthy competition (= competition that is a good thing) makes everyone work harder. The decision to sell cheap TVs put the supermarket in (direct) competition with the major suppliers of electrical goods. foreign/global/ international competitiongrowing/increasing competition US companies face increasing competition from Eastern markets. Politicians argued that subsidies stifled free competition. Traditional banks face competition from internet-based finance companies. Critics say merging the two largest manufacturers could stifle competition (= prevent competition).
the competition COMMERCE, MARKETING the people or businesses who are competing with a particular person or business in a particular market: Longer hours should give the store an advantage over the competition.keep/stay ahead of the competition The company had to make drastic changes if it was to stay ahead of the competition.
→ See also free competition, imperfect competition, perfect competition, price competition
(Definition of competition from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of competition?
Add Cambridge dictionaries to your browser to your website

Definitions of “competition” in other dictionaries

Word of the Day

nip

to press something quickly and quite hard between two objects, especially sharp objects such as teeth or nails

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More