GENERAL KNOWLEDGE

Detailed explanation-1: -Competition and rivalry may share the same basic DNA, but they are not synonymous. While competition typically remains objective and stakes-based, rivalry operates on a more personal, and therefore frequently less rational, playing field.

Detailed explanation-2: -It can be defined as the competition that goes on between firms as they try to increase their market share. For example, this can be viewed as the competition that the cooperative faces when members look elsewhere to gin their cotton, sell their products or purchase their supplies.