What's the difference between
and
Enter two words to compare and contrast their definitions, origins, and synonyms to better understand how those words are related.

Competitive vs Premium - What's the difference?

competitive | premium |

As an adjective competitive

is .

As a noun premium is

bonus (extra amount of money given as a premium).

competitive

English

Adjective

(en adjective)
  • (economics) capable of competing successfully
  • of or pertaining to competition
  • * {{quote-news
  • , year=2012 , date=September 7 , author=Phil McNulty , title=Moldova 0-5 England , work=BBC Sport citation , page= , passage=Manchester United's Tom Cleverley impressed on his first competitive start and Lampard demonstrated his continued worth at international level in a performance that was little more than a stroll once England swiftly exerted their obvious authority.}}
  • (of someone's character) inclined to compete
  • (biochemistry) inhibiting the action of an enzyme by binding with it
  • (euphemistically, of prices) cheap, especially used of quality products
  • Antonyms

    * (of or pertaining to competition) cooperative

    Derived terms

    * competitively * competitiveness * competitive person * competitive advantage * competitive edge

    premium

    Alternative forms

    * (archaic)

    Adjective

    (-)
  • Superior in quality; higher in price or value.
  • Noun

    (en-noun)
  • A prize or award.
  • Something offered at a reduced price as an inducement to buy something else.
  • A bonus paid in addition to normal payments.
  • The amount to be paid for an insurance policy.
  • An unusually high value.
  • (finance) The amount by which a security's value exceeds its face value.
  • Usage notes

    * (term) is much less common than (premiums), accounting for less than 1% of total usage in US (COCA) and 4% in UK (BNC).

    Antonyms

    * (finance) discount

    Derived terms

    (Terms derived from the adjective or noun "premium") * at a premium * buyer's premium * premium bond * premium outlet