Competition refers to the rivalry between individuals, groups, or nations who seek to outperform each other in order to achieve a desired goal or gain an advantage.
Think of competition as a sports tournament where teams compete against each other for a championship title. Each team tries their best and strategizes to win the game.
Economic Competition: Rivalry among businesses or countries seeking market dominance and increased profits.
Ideological Competition: Clash of ideas and beliefs between different political systems or ideologies.
Trade Wars: Disputes between nations involving tariffs, trade barriers, and retaliatory measures aimed at gaining economic advantage.
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