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As an [[economic]] term, competition refers to the rivalry between firms to sell the [[goods]] or services they provide. Economists generally consider the level of competition in an industry to be intrinsically related to that industry's [[market structure]].
As an [[economic]] term, competition refers to the rivalry between firms to sell the [[goods]] or services they provide. Economists generally consider the level of competition in an industry to be intrinsically related to that industry's [[market structure]].
<blockquote>
Who is your competition? The question seems so simple, but a company that defines its competitive set too narrowly can miss disruptive attackers and high-potential growth opportunities. [http://blogs.hbr.org/anthony/2008/11/who_is_your_competition.html]
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