competition, contention, rivalry(noun)
the act of competing as for profit or a prize
"the teams were in fierce contention for first place"
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.
the act of rivaling, or the state of being a rival; a competition
In economics, rivalry is a characteristic of a good. A good can be placed along a continuum ranging from rivalrous to non-rival. The same characteristic is sometimes referred to as subtractable or non-subtractable. A rival good is a good whose consumption by one consumer prevents simultaneous consumption by other consumers. Put differently, a good is considered non-rival if, for any level of production, the cost of providing it to a marginal individual is zero. Non-rivalry does not imply that the total production costs are low, but that the marginal production costs are zero. In reality, few goods are completely non-rival as rivalry can emerge at certain levels. For instance, road use is non-rival up to a certain capacity, after which congestion means that each additional user decreases speed for others. For that, recent economic theory views rivalry as a continuum, not binary category, where many goods are somewhere between the two extremes of completely rival and completely non-rival. Most tangible goods, both durable and nondurable, are rival goods. A hammer is a durable rival good. One person's use of the hammer presents a significant barrier to others who desire to use that hammer at the same time. However, the first user does not "use up" the hammer, meaning that some rival goods can still be shared through time. An apple is a nondurable rival good: once an apple is eaten, it is "used up" and can no longer be eaten by others. Non-tangible goods can also be rivalrous. Examples include the ownership of radio spectra and domain names. In more general terms, almost all private goods are rivalrous.
The numerical value of rivalry in Chaldean Numerology is: 7
The numerical value of rivalry in Pythagorean Numerology is: 6
Images & Illustrations of rivalry
Translations for rivalry
From our Multilingual Translation Dictionary
- rivalitatCatalan, Valencian
- soupeření, rivalitaCzech
- ανταγωνισμός, συναγωνισμός, άμιλλαGreek
- antagonismo, rivalitàItalian
- ライバル, 拮抗, 競争, 争いJapanese
Get even more translations for rivalry »
Find a translation for the rivalry definition in other languages:
Select another language: