competition Definition in Business English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Definition of "competition" - Business English Dictionary

See all translations

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
truth

the quality of being true

Word of the Day

July 4th, Bastille Day, and the language of revolution.
July 4th, Bastille Day, and the language of revolution.
by Liz Walter,
July 01, 2015
With America’s Independence Day on the 4th and France’s Bastille Day on the 14th, July certainly has a revolutionary theme, so this blog looks at words and phrases we use to talk about the dramatic and nation-changing events that these days celebrate. In particular, it focuses on one of the most important

Read More 

generation pause noun
generation pause noun
July 06, 2015
informal young adults who are not able to do things previously typical for their age group such as buy a home or start a family because of lack of money Meanwhile, a new study released last week revealed a quarter of Brits believe they’ll never own a property, leading them to be

Read More