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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 is competition am...

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 adviser to the ...

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 monopoly of the spic...

Balta, José

(Encyclopedia)Balta, José hōsāˈ 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 Balta led in overt...

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 interstate comme...

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 identified himself w...

Schouten, Willem Cornelis

(Encyclopedia)Schouten, Willem Cornelis vĭlˈəm kôrnāˈlĭs skhouˈtən [key], 1567?–1625, Dutch navigator. In 1615 he sailed from Texel island, Holland, in command of an expedition whose objective was to eva...

Laclede, Pierre

(Encyclopedia)Laclede, Pierre pyĕr 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 Orleans in 1755 and was a me...

Krefeld

(Encyclopedia)Krefeld krāˈfĕlt [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 major rail hub an...

Salzkammergut

(Encyclopedia)Salzkammergut zältsˈkämˈərgo͝otˌ [key], resort area in Upper Austria, Styria, and Salzburg provs., W Austria. Known since antiquity for its salt mines, the region was banned to visitors until t...