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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.
Could it not be the case that my anger was also mingled with feelings of jealousy, rivalry or envy?
When asked how he feels about TAAFI horning in on his still-developing territory, he is quick to brush away any suggested rivalry.
Whatever the game or size of the ball, sport has forever been at its best when a bitter, or even friendly, rivalry is at its heart.
The lifelong rivalry of cosmetics queens Elizabeth Arden and Helena Rubinstein makes for riveting reading.
Cricket has become another form of diplomacy, and the rivalry is friendly and no longer bitter.

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