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Investments glossary

Rival Good


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Quotes of the day:

All that is gold does not glitter not all those that wander are lost.

— J. R. R. Tolkien

A rival good is a type of good that may only be possessed or consumed by a single user. These items can be durable, meaning they may only be used one at a time, or nondurable, meaning they are destroyed after consumption, allowing only one user to enjoy it. When a good is rival in consumption, competition for the rival good can occur as in the case of people bidding to buy a particular house.

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