Cooperation, co-operation, or coö peration^[1] is the process of working or acting together, which can be accomplished by both intentional and non-intentional agents. In its simplest form it involves things working in harmony, side by side, while in its more complicated forms, it can involve something as complex as the inner workings of a human being or even the social patterns of a nation. It is the alternative to working separately in competition. Cooperation can also be accomplished by computers, which can handle shared resources simultaneously, while sharing processor time.

http://en.wikipedia.org/wiki/Cooperation

Competition is a combat between individuals, groups, nations, animals, etc. for territory, a niche, or allocation of resources. It arises whenever two or more parties strive for a goal which cannot be shared. Competition occurs naturally between living organisms which co-exist in the same environment. For example, animals compete over water supplies, food, and mates, etc. Humans compete for water, food, and mates, though when these needs are met deep rivalries often arise over the pursuit of wealth, prestige, and fame. Business is often associated with competition as most companies are in competition with at least one other firm over the same group of customers.

Destructive competition seeks to benefit an individual/group/organism by damaging and/or eliminating competing individuals, groups and/or organisms; it opposes the desire for mutual survival. It is “winner takes all”, the rationale being that the challenge is a zero-sum game; the success of one group is dependent on the failure of the other competing groups. Destructive competition tends to promote fear, a "strike-first" mentality and embraces certain forms of trespass.^[3]

Co-operative competition is based upon promoting mutual survival - “everyone wins”. Adam Smith’s “invisible hand” is a process where individuals compete to improve their level of happiness but compete in a cooperative manner through peaceful exchange and without violating other people. Cooperative competition focuses individuals/groups/organisms against the environment.^[3]

http://en.wikipedia.org/wiki/Competition