Etymology- Competition

Competion or the "action of competing," from the Latin competitionem meaning "agreement, rivalry," Meaning "a contest for something" is from 1610s. Sense of "rivalry in the marketplace" attested from 1793; that of "entity or entities with which one competes" is from 1961, especially in business. It is derived from the term compete which is "be in rivalry with," from the Latin competere " It did not make it its way to an english word until the early 19th century.