Meaning of the word "Compete with" in English

What does "Compete with" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

Compete with

US /kəmˈpiːt wɪθ/
UK /kəmˈpiːt wɪð/

Phrasal Verb

to try to be more successful than someone or something else

Example:
Small businesses often struggle to compete with larger corporations.
Our new product is designed to compete with the market leader.