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'Competition' can be defined as follows:
1) a situation in which individuals or groups strive to see who can achieve the best performance in a given endeavor such as in sports or academics
2) such a situation in the business world in which companies strive to achieve the highest profitability in a given industry
3) an economic condition in which companies are relatively free from government regulation and are free to strive for the highest profit in their respective industries
4) in Biology, the struggle between organisms for food or habitation in which the individuals best adapted to their environment survive and procreate to continue the species; natural selection; survival of the fittest

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