Ecology
Predator-Prey Dynamics
The cyclical population interactions between predators and their prey. Predator populations lag behind prey populations, creating characteristic boom-bust cycles.
Biological Context
When prey are abundant, predators thrive and increase. More predators reduce prey populations. Declining prey causes predator decline, allowing prey recovery. The lynx-hare cycle in Canada shows these dynamics clearly, with roughly 10-year cycles.
Business Application
Predator-prey dynamics appear in markets: successful products attract competitors who reduce margins. As marginal players exit, survivors recover. Understanding these cycles helps time market entry and exit.