A business that provides similar products or services. The presence of competitors in an industry drives down the price of goods and services because consumers have more alternatives from which to choose if the price of a particular good or service is too high.

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The competitor for our business was spending twice as much money as us on marketing but only generating slightly more demand.

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They were a top competitor and they gave us a lot of problems everyday because of their great prices and great customer service.

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In 1936 the Olympics were held in Berlin Germany. Hitler wanted to show Nazi superiority over the other races. Jesse Owens an African American beat every single one of his Nazi competitors and won four gold medals in the sprint and long jump events and became the most successful athletes of the Olympics that year.

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