competition > define
noun
- A business relation in which two parties compete to gain customers.
- usage: "business competition can be fiendish at times"
- An occasion on which a winner is selected from among two or more contestants.
- synonyms: contest
- The act of competing as for profit or a prize.
- usage: "the teams were in fierce contention for first place"
- synonyms: contention, rivalry
- The contestant you hope to defeat.
- usage: "he had respect for his rivals"; "he wanted to know what the competition was doing"
- synonyms: rival, challenger, competitor, contender
by WordNet 3.0 © 2006 by Princeton University
(n.) The act of seeking or endeavoring to gain, what another is endeavoring to gain at the same time; common strife for the same objects; strife for superiority; emulous contest; rivalry, as for approbation, for a prize or as where two or more persons are engaged in the same business and each seeking patronage; -- followed by for before the object sought, and with before the person or thing competed with.
by Webster's Revised Unabridged Dictionary
Intra- or intermarket rivalry between or among businesses trying to obtain a larger piece of the same market share.