| 单词 | competition |
| 释义 | competitionDefinition Economics: Rivalry in which every seller tries to get what other sellers are seeking at the same time: sales, profit, and market share by offering the best practicable combination of price, quality, and service. Where the market information flows freely, competition plays a regulatory function in balancing demand and supply. Use 'competition' in a SentenceThe company was under serious competition from overseas companies which could manufacture a similar product for much less thanks to lower employee wages. The competition we experienced when entering the market place was thrilling enough to ensure that we would stay for a long time. |
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