excessive competition; cutthroat competition
Refers to competition that goes beyond healthy limits, often in business contexts, leading to negative outcomes like price wars or market instability.
As a result of excessive competition, many small and medium-sized enterprises went bankrupt.
Excessive competition has become a problem in this industry.
競争 is general 'competition', while 過当競争 specifically means competition that is excessive or harmful.
過当 means 'excessive' or 'unreasonable', often used in legal or economic contexts; 過当競争 is a common compound.
A yojijukugo composed of 過当 (excessive) and 競争 (competition). The exact historical derivation is uncertain, but it is a modern compound used in economic and business discourse.