rivalryˈraɪ vəl ri
rivalry (n)
rivalry
English Definitions:
competition, contention, rivalry (noun)
the act of competing as for profit or a prize
"the teams were in fierce contention for first place"
rivalry (Noun)
The relationship between two or more rivals who regularly compete with each other. The term usually applies to two rivals.
Rivalry
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.
Rivalry
A rivalry is the state of two people or groups engaging in a lasting competitive relationship. Rivalry is the "against each other" spirit between two competing sides. The relationship itself may also be called "a rivalry", and each participant or side a rival to the other. Someone's main rival may be called an archrival. A rivalry can be defined as "a perceptual categorizing process in which actors identify which states are sufficiently threatening competitors". In order for the rivalry to persist, rather than resulting in perpetual dominance by one side, it must be "a competitive relationship among equals". Political scientist John A. Vasquez has asserted that equality of power is a necessary component for a true rivalry to exist, but others have disputed that element.Rivalries traverse many different fields within society and "abound at all levels of human interaction", often existing between friends, firms, sports teams, schools, and universities. Moreover, "families, politicians, political parties, ethnic groups, regional sections of countries, and states all engage in enduring rivalries of varying length and intensity". Rivalries develop from the product of competition and ritualism between different parties. In some cases, rivalry can become "so consuming that actors worry only about whether their actions will harm or benefit their rivals".
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"rivalry." Kamus.net. STANDS4 LLC, 2024. Web. 22 Oct. 2024. <https://www.kamus.net/english/rivalry>.
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