1. The rivalry between sellers or providers trying to achieve sales, revenue, and market share by offering products or services
Market competition drives companies to innovate and improve their products.
A concorrência de mercado incentiva as empresas a inovar e melhorar seus produtos.
2. Economic competition in a specific marketplace or industry sector
Intense market competition in the smartphone industry has led to rapid technological advancement.
A intensa concorrência de mercado na indústria de smartphones levou ao rápido avanço tecnológico.