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Definition # 1

When multiple participants attempt to gain a limited resource.

Definition # 2

Something that is mostly good when you pay to see the participants, but something that is mostly bad when you participate to be paid.
Example # 1

John and Sam paid to see the football competition for their entertainment.

Example # 2

Joey could not win the essay competition for a college scholarship. Joey's early life is now ruined.

Example # 3

Being a programmer in the 90's was great. Twenty years later though, because of high competition, it no longer pays as well.
by Bankrupt_Spetsnaz June 01, 2020
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2
The pros warned the competition how much they liked the flavor of nubcake xp
by ScegfOd January 11, 2008
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