This is the 9540th most frequent Korean word.
경쟁률이
"Competition rate" or "rate of competition."
Here, '경쟁률이' refers to the competition rate in terms of how many applicants are competing for a limited number of spots in universities.
이번 대학 입시에서 경쟁률이 매우 높습니다.
The competition rate is very high in this year's college entrance examinations.
In this sentence, '경쟁률이' describes the expected high level of competition among consumers or companies.
그 신제품의 출시에는 경쟁률이 치열할 것으로 예상됩니다.
The launch of that new product is expected to have fierce competition.
Here, '경쟁률이' is used to indicate the level of demand versus supply for attaining popular job positions.