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competition British & World English

The activity or condition of striving to gain or win something by defeating or establishing superiority over others

competition English Thesaurus

Stephanie came second in the competition

imperfect competition British & World English

The situation prevailing in a market in which elements of monopoly allow individual producers or consumers to exercise some control over market prices

non-price competition British & World English

A form of competition in which two or more producers use such factors as packaging, delivery, or customer service rather than price to increase demand for their products

perfect competition British & World English

The situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent and the market price of a commodity is beyond the control of individual buyers and sellers

monopolistic competition British & World English

Another term for imperfect competition.