The existence within a market for some good or service of a sufficient number of buyers and sellers such that no single market participant has enough influence to determine the going price of the good or service. opposite of monopoly.
Related information about competition:
- Competition - Wikipedia, the free encyclopedia
Competition in biology, ecology, and sociology, is a contest between organisms, animals, individuals, groups, etc., for territory, a niche, or a location of resources ...
- Competition (biology) - Wikipedia, the free encyclopedia
Competition is an interaction between organisms or species, in which the fitness of one is lowered by the presence of another. Limited supply of at least one ...
- Competition (economics) - Wikipedia, the free encyclopedia
In economics, competition is the rivalry among sellers trying to achieve such goals as increasing profits, market share, and sales volume by varying the elements ...
- Competition - Merriam-Webster Online
a : the effort of two or more parties acting independently to secure the business of a third party by offering the most favorable terms. b : active demand by two or ...
- Competition | Define Competition at Dictionary.com
the act of competing; rivalry for supremacy, a prize, etc.: The competition between the two teams was bitter. 2. a contest for some prize, honor, or advantage: Both ...
- Competition: The Concise Encyclopedia of Economics | Library of ...
Economic competition takes place in markets—meeting grounds of intending suppliers and buyers.1 Typically, a few sellers compete to attract favorable offers ...
- European Commission - Competition
Official site of the EU's competition policy - news, legislation, cases.
- FTC Bureau of Competition
News, information and other resources from the FTC branch that monitors and enforces anti-trust and competitive issues.