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Competition is an interaction between organisms or species in which both require one or more resources that are in limited supply (such as food, water, or territory). [1] Competition lowers the fitness of both organisms involved since the presence of one of the organisms always reduces the amount of the resource available to the other. [2]
A free market does not directly require the existence of competition; however, it does require a framework that freely allows new market entrants. Hence, competition in a free market is a consequence of the conditions of a free market, including that market participants not be obstructed from following their profit motive .
Competition within, between, and among species is one of the most important forces in biology, especially in the field of ecology. [5]Competition between members of a species ("intraspecific") for resources such as food, water, territory, and sunlight may result in an increase in the frequency of a variant of the species best suited for survival and reproduction until its fixation within a ...
Coexistence theory attempts to explain the paradox of the plankton-- how can ecologically similar species coexist without competitively excluding each other?. Coexistence theory is a framework to understand how competitor traits can maintain species diversity and stave-off competitive exclusion even among similar species living in ecologically similar environments.
Interspecific competition, in ecology, is a form of competition in which individuals of different species compete for the same resources in an ecosystem (e.g. food or living space). This can be contrasted with mutualism, a type of symbiosis. Competition between members of the same species is called intraspecific competition.
Example: Let α −2 = 0.451, α −1 = 0.5, and α 2 = 0.237. If α 1 = 0.5 then all eigenvalues are negative and the only attractor is a fixed point. If α 1 = 0.852 then the real part of one of the complex eigenvalue pair becomes positive and there is a strange attractor. The disappearance of this Lyapunov function coincides with a Hopf ...
A diagram presenting the argument for free prices. In a free price system, prices are not set by any agency or institution. Instead, they are determined in a decentralized fashion by trades that occur as a result of sellers' asking prices matching buyers' bid prices arising from subjective value judgement in a market economy.
Contest competition is the opposite of scramble competition, a situation in which available resources are shared equally among individuals. As contest competition allows the monopolization of resources, offspring will typically always be produced and survive until adulthood independent of the population size, resulting in stable population ...