Tag Archives: rivalry in consumption

[unable to retrieve full-text content]July 4th May Be Over, But The Fireworks Discussions Continue…: you: yay a day off let’s do some fireworks me, economist: OMG YOU’RE DOING FIREWORKS TOTALLY INEFFICIENTLY LET ME EXPLAIN

[unable to retrieve full-text content]July 4th May Be Over, But The Fireworks Discussions Continue…: you: yay a day off let’s do some fireworks me, economist: OMG YOU’RE DOING FIREWORKS TOTALLY INEFFICIENTLY LET ME EXPLAIN

Rivalry in consumption: the degree to which one person consuming a good makes it more difficult for another person to fully consume the same unit of the goodUsage: A good generally exhibits high or low rivalry in consumption.Examples: A fireworks display exhibits low rivalry in consumption. An ice cream cone exhibits high rivalry in consumption. (Alternate phrasing: An ice-cream cone exhibits rivalry in consumption.)See also:THIS VIDEO IS SACRED… ? pic.twitter.com/o7ivZtJf8x— Life on...