Competition:
\begin{itemize}
\item Occurs in populations of the same species (intraspecific) or different species (interspecific).
\item Leads to reduced availability of resources for both organisms.
\end{itemize}
Parasitism:
\begin{itemize}
\item Parasites may cause harm but usually do not kill the host.
\item Examples include lice on humans and mistletoe on trees.
\end{itemize}