konkurenco
Konkurenco is an Esperanto noun meaning competition, rivalry, or the state of contending. It denotes the act or condition of facing others in a contest or in a market, and can refer to both formal contests and broader economic or social rivalry.
Etymology and form: The word derives from the verb konkuri (to compete). It expresses the abstract concept
Usage: In economics and business, konkurenco describes market competition, which can influence prices, quality, and innovation.