Rivalry

Pronunciation

• US, UK IPA: /ˈɹaɪ.vÉ™l.ɹi/

Full definition of rivalry

Noun

1. The relationship between two or more rivals who regularly compete with each other. The term usually applies to two rivals.The Boston Bruins have a longstanding rivalry with the Montreal Canadiens.
2. In economics, rivalry is a characteristic of a good. Rivalrous goods are those which can be consumed by only one person at the same time -- for example, a candy bar or a suit; a non-rivalrous good may be provided to more consumers at a very low marginal cost for each additional consumer.
• unknown, Department of Economics, University of Pittsburgh, at Johnstown, Public Goods
3. Common goods are those which are rivalrous in consumption but non-excludable