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by davidivadavid 2750 days ago
No, it leads to the only valuable definition of competition: competitors are products that serve the same need. Netflix and Youtube are entertainment. They compete with each other, as well as TV, video games, and a bunch of other things. They also serve other needs (e.g. education). But there are (many) other needs that they don't serve (e.g. nutrition (you can't eat Netflix), healthcare, human relationships, etc.).