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Economics 101: Rivalry | SterlingTerrell.net

Economics 101: Rivalry


As referred to in economics, what is rivalry?
Rivalry is the use of a good that diminishes the use by another person.

For example:
  • If you eat and apple, I can not eat it.
  • But, if you read a post I have written, you can share it everywhere, and everyone else can read it too.
  • If you buy a wedding dress, another girl is prevented from having that dress.
  • But, your love for your first child is in no way diminished by having a second child.