From Wikipedia, the free encyclopedia - View original article
A prize is an award to be given to a person, a group of people, or organization to recognise and reward actions or achievements. 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.
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, and their winners are admired. However, many prizes, especially the more famous ones, have often caused controversy and jealousy.
Specific types of prizes include:
|Wikimedia Commons has media related to Prizes.|
|Look up prize in Wiktionary, the free dictionary.|
|This award-related article is a stub. You can help Wikipedia by expanding it.|