rivalry
n.-
1 ongoing competition (n.) B2 Upper Intermediatea long-term competition between people or groups who want the same thing or want to be better than each other.
a state of persistent competition or antagonism between parties, often characterized by a history of mutual challenge.
ExampleThe intense rivalry between the two local football teams has lasted for decades.
ExampleThe sibling rivalry between the two brothers eventually evolved into a productive professional partnership as they grew older.
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2 economic consumption (n.) C1 Advanced Technical Economicsthe quality of a product that means only one person can use it at a time.
the property of a good whereby one person's use diminishes other people's use of it.
ExampleA loaf of bread has high rivalry because if I eat it, you cannot.
ExampleEconomists distinguish between public and private goods based on their levels of rivalry and excludability in a market setting.
UsageOften used to distinguish 'rivalrous' goods from 'non-rivalrous' public goods like clean air.
- rivalrousness
- non rivalry
From rival + -ry.