Please disable your adblock and script blockers to view this page
Home » Article » What is competition?

What is competition?

What is competition?
What is competition?

Competence can be defined as the aptitude that a person has, formed by capacities, abilities and skills that they have to carry out an activity or fulfill a goal within the work, academic or interpersonal environment. What is competition.

The term competition is also used to refer to certain contexts in which two people, teams or companies interact in a medium and try to overcome one another. For example: a sports competition in which each competitor will try to reach the finish line before another does.

In addition, competition can be biological when one or more individuals of the same or different species face each other to obtain the same resource.

Economic competition

The term competition in the economic sphere refers to the situations that occur within a market in which there are several suppliers and demanders of a good or service.

In the competition, companies in the same category try to position themselves over other competitors by offering facilities or opportunities that others do not have. Companies generate strategies that allow them to highlight their product over that of the competition.

To be competitive, a company must strive to minimize costs, maximize profits and offer a differential over the rest.

Market competition: perfect and imperfect

Within the market there are two types of competition that vary according to the role that the market plays within each one.

Perfect competition. It occurs when there are many companies that market a good or service and many applicants. As there is an equilibrium between supply and demand, the price (which is usually low) is determined by the market and is not conditioned by the suppliers or demanders. In this type of ideal competition, there are no restrictions for new bidders to enter the market.

Imperfect competition. It occurs when there are few companies that offer a good or service so they have the power to control prices. The most extreme case of imperfect competition is monopoly, a market situation in which only one company offers a good or service and therefore has control of the market. The oligopoly is another case of imperfect competition in which there are few suppliers of a good or service, so the price is not set by the free play of supply and demand, but by the suppliers.

Biology competence

Competition in biological terms refers to the relationship between individuals of different or the same species that try to access the same resources (food, territory, couple).

Competition between members of the same species is called: intraspecific competition, and that which occurs between individuals of different species: interspecific competition.

Must Read: What is an atom?

According to the interaction that occurs between individuals, the competition can be:

  • By interference. It is a type of direct competition in which one or more individuals exert violence to prevent another from accessing a resource, reproducing or inhabiting a territory.
  • By exploitation. It is a type of indirect competition in which two individuals use the same resource (food, sunlight), so the fact that only one obtains it means scarcity for the other.

Interpersonal competence

People often compete healthily among friends, family or close friends by playing a board game or playing a sport. Playing competitive games helps to promote the development and growth of people, since it creates an environment conducive to exchanging points of view, generating motivation and verifying that the effort has a reward.

Job competence

Labor competence refers to the ability of an individual to perform a specific task and meet the objectives demanded by the company or organization in which he works.

The skills, aptitudes and attitudes of the worker are factors that influence when measuring the performance and development of this in the work context. These factors are classified into:

  • They are the competences that a worker has related to attitude, values ​​and predisposition.
  • They are the skills that a worker has, what he knows how to do.
  • Cognitive. They are the competences that a worker has in the field of knowledge, that is, what he knows or knows about. This knowledge can come from personal experience, studies or previous work experience.

The development of job skills tends to become a growth engine, generating dynamic and thriving work environments. In addition, it is key to face challenges and meet objectives.

Educational competence

Within the field of learning, competence is presented as the sum of skills, knowledge and attitudes that a student has and develops within the educational environment. It is through these competences that the individual performs activities, fulfills objectives and solves problems.

This approach seeks the development of the student taking into account: social skills, language skills, communication skills, mathematical skills, digital skills, among others.

Examples of competition

Within the field of learning, competence is presented as the sum of skills, knowledge and attitudes that a student has and develops within the educational environment. It is through these competences that the individual performs activities, fulfills objectives and solves problems.

This approach seeks the development of the student taking into account: social skills, language skills, communication skills, mathematical skills, digital skills, among others.