Competition

Competition in biology and sociology, is a contest between two or more organisms, animals, individuals, groups, etc., for territory, a niche, for a location of resources, for resources and goods, for mates, for prestige, for recognition, for awards, for group or social status, or for leadership. Competition is the opposite of cooperation. It arises whenever at least two parties strive for a goal which cannot be shared or which is desired individually but not in sharing and cooperation. Competition occurs naturally between living organisms which co-exist in the same environment. 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, prestige, and fame. Competition is also a major tenet of market economies and business is often associated with competition as most companies are in competition with at least one other firm over the same group of customers, and also competition inside a company is usually stimulated for meeting and reaching higher quality of services or products that the company produce or develop.

Competition (The Spectacular Spider-Man)

"Competition" the fifth episode of the animated television series The Spectacular Spider-Man, which is based on the comic book character Spider-Man, created by Stan Lee and Steve Ditko. In it, Spider-Man must face the Sandman, a former petty thug who now can manipulate his sand body at will.

"Competition" was written by Kevin Hopps and directed by Troy Adomitis. Hopps and Adomotis each had their respective roles previously in "Interactions." Victor Cook, a developer, producer, and supervising director for The Spectacular Spider-Man, was thrilled to use Sandman because he felt he was "a perfect character for animation." "Competition" aired on March 29, 2008, on the Kids WB! block for The CW. The episode received warm reviews from television critics - IGN wrote that the fight scenes were the greatest of the series at the time.

Plot summary

Peter, as Spider-Man, effectively defeats two common thugs - Flint Marko and Alex O'Hirn - and puts them in prison. While discussing their outrage towards Spider-Man, their bail is paid and they go into a limousine outside. Inside the limousine, Hammerhead tells them he has big plans for them, taking them to a secret base.

Competition (economics)

In economics, competition is the rivalry among sellers trying to achieve such goals as increasing profits, market share, and sales volume by varying the elements of the marketing mix: price, product, distribution, and promotion. Merriam-Webster defines competition in business as "the effort of two or more parties acting independently to secure the business of a third party by offering the most favorable terms." It was described by Adam Smith in The Wealth of Nations (1776) and later economists as allocating productive resources to their most highly valued uses and encouraging efficiency. Smith and other classical economists before Cournot were referring to price and non-price rivalry among producers to sell their goods on best terms by bidding of buyers, not necessarily to a large number of sellers nor to a market in final equilibrium.

Later microeconomic theory distinguished between perfect competition and imperfect competition, concluding that perfect competition is Pareto efficient while imperfect competition is not. Competition, according to the theory, causes commercial firms to develop new products, services and technologies, which would give consumers greater selection and better products. The greater selection typically causes lower prices for the products, compared to what the price would be if there was no competition (monopoly) or little competition (oligopoly).