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Medical Definition of Economic competition
1. The effort of two or more parties to secure the business of a third party by offering, usually under fair or equitable rules of business practice, the most favourable terms. (12 Dec 1998)
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1. The effort of two or more parties to secure the business of a third party by offering, usually under fair or equitable rules of business practice, the most favourable terms. (12 Dec 1998)