Competition is an unincorporated community in southern Laclede County, Missouri, United States. It is about seventeen miles southeast of Lebanon. Early on, it was known as Newburg, or "The Burg" as it was known to its residents. When the post office was established, the name was changed because a city named Newburg already existed in Phelps County, Missouri. Thus, the name was changed to Competition. Its post office was closed, mail now comes from Falcon.
The community was founded in 1867. However graves that can be found at the Porter Chapel Church in Competition, date back from 1820. A cemetery on private property in Competition holds graves dating from 1785. A high school was established in the area at the start of the 20th century, and remained open until the late 1990s when it was shut down.