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competition, in economics

(Encyclopedia) competition, in economics, rivalry in supplying or acquiring an economic service or good. Sellers compete with other sellers, and buyers with other buyers. In its perfect form, there…

Douglas, Clifford Hugh

(Encyclopedia) Douglas, Clifford Hugh, 1879–1952, English engineer and social economist, educated at Cambridge. Author of the economic theory of Social Credit, he became (1935) chief reconstruction…

East India Company, British

(Encyclopedia) East India Company, British, 1600–1874, company chartered by Queen Elizabeth I for trade with Asia. The original object of the group of merchants involved was to break the Dutch…

Balta, José

(Encyclopedia) Balta, JoséBalta, Joséhōsāˈ bälˈtä [key], 1816–72, president of Peru (1868–72). In 1865 he helped Mariano I. Prado to seize the presidency and served in his government, but in 1867…

Bonaparte, Charles Joseph

(Encyclopedia) Bonaparte, Charles Joseph, 1851–1921, U.S. cabinet official, b. Baltimore; grandson of Jérôme Bonaparte and Elizabeth Patterson. A lawyer and political leader in Baltimore, he…

Schouten, Willem Cornelis

(Encyclopedia) Schouten, Willem CornelisSchouten, Willem Cornelisvĭlˈəm kôrnāˈlĭs skhouˈtən [key], 1567?–1625, Dutch navigator. In 1615 he sailed from Texel island, Holland, in command of an…

Robinson-Patman Act

(Encyclopedia) Robinson-Patman Act, passed by the U.S. Congress in 1936 to supplement the Clayton Antitrust Act. The act, advanced by Congressman Wright Patman, forbade any person or firm engaged in…

Krefeld

(Encyclopedia) KrefeldKrefeldkrāˈfĕlt [key], city (1994 pop. 249,560), North Rhine–Westphalia, W Germany, a port on the Rhine River. It is the center of the German silk and velvet industry, and is a…

Laclede, Pierre

(Encyclopedia) Laclede, PierreLaclede, Pierrepyĕr läklĕdˈ [key], c.1724–1778, French pioneer in the United States. His surname was Liguest, but he adopted the name Pierre Laclede. He went to New…

Salzkammergut

(Encyclopedia) SalzkammergutSalzkammergutzältsˈkämˈərg&oobreve;tˌ [key], resort area in Upper Austria, Styria, and Salzburg provs., W Austria. Known since antiquity for its salt mines, the region…