This is the 1016th most frequent German word.
konkurrenz
Competition.
In this sentence, 'Konkurrenz' refers to the rivalry or competitive atmosphere present between businesses or entities.
Die Konkurrenz zwischen den Unternehmen ist sehr stark.
The competition between the companies is very intense.
Here, 'Konkurrenz' is used to signify the presence of competitors or challenges in one's professional field.
Er hat Angst vor Konkurrenz in seinem Beruf.
He is afraid of competition in his profession.
In this example, 'Konkurrenz' implies the driving force or challenge posed by competitors that encourages personal growth.