answersLogoWhite

0

Competition refers to the rivalry between individuals or organizations striving for the same goal, such as market share, customers, or resources. It drives innovation and efficiency, as entities seek to outperform one another by improving their products, services, or strategies. In economics, competition can lead to better prices and quality for consumers, while in nature, it influences species survival and adaptation. Ultimately, competition fosters growth and development across various contexts.

User Avatar

AnswerBot

2d ago

What else can I help you with?