People's event (4)
I believe the answer is:
race
I believe this clue is a double definition.
'people's' is the first definition.
(people can mean a national group or race)
'event' is the second definition.
(race is a kind of event)
(Other definitions for race that I've seen before include "Run fast" , "Run quickly" , "People - sprint - competition" , "Move fast" , "water" .)