Rival Good

Rival Good
A type of good that may only be possessed or consumed by a single user. Using a rival good prevents its use by other possible users. Rival goods can be durable, where users may use them one at a time, or nondurable, where consumption destroys the good, allowing only one user to enjoy it.

Because these types of goods can only be used or occupied by one person, competition is created for their consumption. Consumers become rivals in an attempt to obtain these goods. For example, a skateboard represents a durable good because other consumers may use it after the current rider is finished. A nondurable good will perish after consumption, such as a cup of coffee. Only one consumer will drink the coffee, and after it is gone, there will be nothing left for another consumer to use.

Non-rival goods are the opposite of rival goods. These goods allow consumption or possession to multiple users. National parks, roads and the internet are examples of non-rival goods.


Investment dictionary. . 2012.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Good (economics) — Types of goods in economics. In economics, a good is something that is intended to satisfy some wants or needs of a consumer and thus has economic utility. It is normally used in the plural form goods to denote tangible commodities such as… …   Wikipedia

  • Rival Lovers — (Greek: polytonic|Ἐρασταί) is a Socratic dialogue included in the traditional corpus of Plato s works, though its authenticity has been doubted. Title The Greek title Erastai is the plural form of the term erastēs , which refers to the older… …   Wikipedia

  • Good Luck Charlie — Format Sitcom Created by Phil Baker Drew Vaupen …   Wikipedia

  • Good Morning America — [[Archivo:Logotipo de Good Morning America|250px]] Género Programa matutino de noticias y entrevistas Creado por Donald L. Perris William F. Baker País de origen …   Wikipedia Español

  • Rival Schools (banda) — Saltar a navegación, búsqueda Fue una banda de indie rock, pero tuvo una corta actividad musical (2000 2003). La banda en si termino llamando la atención por el curriculum de sus integrantes en bandas de hardcore y post hardcore (quicksand,… …   Wikipedia Español

  • Good Morning America — Genre Matinale, talk show Présentation Édition de la semaine Robin Roberts (2005 – aujourd hui) George Stephanopoulos (2009 – aujourd hui) JuJu Chang (2009 – aujourd hui) Sam Champion (2006 – aujourd hui) Édition du week end Bianna Golodryga… …   Wikipédia en Français

  • Good-Bye Radar — Good Bye, Radar is a two part episode of M*A*S*H that aired at the beginning of the show s eighth season. The episode s parts aired on October 8 and 15, 1979 (with a rebroadcast as a special one hour show on May 12, 1980), and were the final two… …   Wikipedia

  • Rival Schools (band) — Infobox musical artist | Name = Rival Schools Img capt = Img size = Background = group or band Origin = New York, USA Genre = Post hardcore Years active = 1999–2003 2008–present Label = Some Records, Island Records Associated acts = Quicksand… …   Wikipedia

  • rival — ▪ I. rival ri‧val 1 [ˈraɪvl] noun [countable] 1. a person, group, or organization that you compete with: • The authorities hope that such changes will help Italian banks compete more effectively against European rivals. rival for • The two men… …   Financial and business terms

  • rival — I UK [ˈraɪv(ə)l] / US noun [countable] Word forms rival : singular rival plural rivals ** 1) a person, team, or business that competes with another Manchester United beat their rivals 3–1. rival to: Our airline is now a serious rival to many of… …   English dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”