Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “competition”

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

hyphen

the symbol -, used to join two words together, or to show that a word has been divided into two parts at the end of one line and the beginning of the next

Word of the Day

Lies, lies, lies!

by Kate Woodford,
February 25, 2015
​​​ According to sociologists (=people who study the relationships between people living in groups), we are good at lying. As a species, we have developed a remarkable ability to deceive each other (= persuade each other that something false is true). Being able to say things that are not true can help with

Read More 

snapchat verb

March 02, 2015
to send someone a message using the photomessaging application Snapchat We used to have a thing until he got a girlfriend. now

Read More