highly competitive marketplace

Language: en

📖 Definitions

  1. A market environment characterized by intense rivalry among numerous sellers or providers, often resulting in scarce resources relative to high demand, forcing participants to compete aggressively for customers or capacity.; An economic sector or industry where businesses must constantly innovate and lower prices to maintain their share against strong competitors.

💬 Examples

  1. Consequently, the scarcity of available GPU capacity has created a highly competitive marketplace where supply struggles to meet intense demand.

  2. In such a highly competitive marketplace, only the most agile companies survive.