1. a contest between people or groups to see who is best at something
2. the activity of trying to be more successful than others in business or other areas
3. other people or organizations that you are competing against

Examples

• She won first place in the swimming competition.
• The competition between the two companies is fierce.
• There’s a lot of competition for jobs in this field.
• The dance competition will be held next weekend.
• We need to study the competition before launching our product.
• Healthy competition can motivate students to work harder.
• The competition was tough, but we managed to win.