Combustion reaction is "a reaction in which a substance reacts with oxygen gas, releasing energy in the form of heat and light. Combustion reactions must involve Oxygen as one reactant".
Reactants are "the starting materials in a chemical reaction".
Oxygen is "a non-metallic chemical element of Group 16 (VI a, or the oxygen group) of the periodic table".
Hence, from the above chemical reactions, 4Fe + 3O2 → 2Fe2O3 is a combustion reaction.
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