WordWeb Online

1. A business relation in which two parties compete to gain customers
   "business competition can be fiendish at times"
    
2. An occasion on which a winner is selected from among two or more contestants
   - contest
    
3. The act of competing as for profit or a prize
   "the teams were in fierce competition for first place";
   - contention, rivalry, rivality [archaic]
    
4. The contestant you hope to defeat
   "he wanted to know what the competition was doing";
   - rival, challenger, competitor, contender

Derived forms: competitions

Type of: business relation, contestant, group action, social event

Antonym: cooperation

Encyclopedia: Competition, Virginia