Question

Industry competition and product competition

Answer 1

Competition is, in general, a contest or rivalry between two or more entities, organisms, animals , individuals, economic groups or social groups, etc., for territory, a niche, for scarce resources, goods, for mates, for prestige, recognition, for awards, for group or social status, or for leadership and profit.[1] It arises whenever at least two parties strive for a goal which cannot be shared, where one's gain is the other's loss (a zero-sum game).[2]

Competition occurs naturally between living organisms which co-exist in the same environment.[3] For example, animals compete over water supplies, food, mates, and other biological resources. Humans usually compete for food and mates, though when these needs are met deep rivalries often arise over the pursuit of wealth, power, prestige, and fame.