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What does rivalry mean?

Looking for the meaning or definition of the word rivalry? Here's what it means.

Noun
  1. An ongoing relationship between (usually two) rivals who compete for superiority.
  2. (economics) The characteristic of being a rivalrous good, such that it can be consumed or used by only one person at a time.
  3. Any competition between two or more things or factors.
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Examples
Among this group, friendly rivalry gave rise to creative innovation, and most carvers refined their skills.
She also had a great interest in current affairs and the friendly rivalry that went with the clashes of Mayo and Roscommon football.
The lifelong rivalry of cosmetics queens Elizabeth Arden and Helena Rubinstein makes for riveting reading.
This is a competition that creates friendly rivalry among the participants and the judging is anticipated with great enthusiasm.
It also reveals a rivalry between some of the top DJs that is certainly more friendly than acrimonious.
The pair put their friendly rivalry behind them to help launch the 2002 National Children's Day Ribena Best Teacher in Ireland award.

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