International Competition
International competition refers to the rivalry between businesses, countries, or organizations on a global scale. This competition can involve various sectors, including trade, technology, and sports. Companies strive to offer better products and services to attract consumers, while countries may compete for resources, investments, and market share.
In the context of trade, international competition can lead to innovation and improved quality, benefiting consumers worldwide. It also encourages countries to enhance their infrastructure and workforce skills. However, it can create challenges, such as economic disparities and trade disputes, as nations seek to protect their interests in a competitive environment.