Competition (竞争 jìng zhēng) is the rivalry between companies providing similar products and services. Their goals are to capture revenue, profits, and a larger market share.
Part 1: Breakdown of Words
“竞” (jìng) as in “contest” (竞赛 jìng sài), “bidding” (竞标 jìng biāo), or “race-walk” (竞走 jìng zǒu).
“争” (zhēng) as in “controversy” (争议 zhēng yì), “dispute” (争端 zhēng duān), or “debate” (争论 zhēng lùn).
Part 2: Examples
- Foreign competition (外来竞争 wài lái jìng zhēng).
- Perfect competition (完全竞争 wán quán jìng zhēng).
- Competition equilibrium (竞争均衡 jìng zhēng jūn héng).
- Competitive advantage (竞争优势 jìng zhēng yōu shì).
- Oligopolistic competition (寡头竞争 guǎ tóu jìng zhēng).
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