Prize

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A car prize at a shopping mall in Indonesia Mall culture jakarta59.jpg
A car prize at a shopping mall in Indonesia

A prize is an award to be given to a person, a group of people like a sports team, or organization to recognize and reward actions or achievements. [1] Official prizes often involve monetary rewards as well as the fame that comes with them. Some prizes are also associated with extravagant awarding ceremonies, such as the Academy Awards.

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Prizes are also given to publicize noteworthy or exemplary behaviour, and to provide incentives for improved outcomes and competitive efforts. In general, prizes are regarded in a positive light, [1] and their winners are admired. However, many prizes, especially the more famous ones, have often caused controversy and jealousy.

Specific types of prizes include:

See also

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References

  1. 1 2 Prize, definition 1, The Free Dictionary, Farlex, Inc. Retrieved August 7, 2009.

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