A climax community is an ecological community, which has all the plant and animal community existing in a stable state. They balance with one another; thus, ensuring that there is no competition for resources.
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A climax community is a biological community of animals and plants that has reached a steady state. This occurs through the development of vegetation in the area, and it peaks when the community has member species that are well adapted to the conditions in the area. You can find more information here: http://en.wikipedia.org/wiki/Climax_community