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Federal Home Loan Mortgage Corporation

(Encyclopedia)Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, government-sponsored enterprise that uses private capital to buy home mortgages as a means to help lower housing costs. A sister ...

telemarketing

(Encyclopedia)telemarketing, the practice of selling goods or services to customers by means of the telephone or of surveying consumer preferences in telephone conversations. Telemarketing firms use trained staff a...

European Free Trade Association

(Encyclopedia)European Free Trade Association (EFTA), customs union and trading bloc; its current members are Iceland, Liechtenstein, Norway, and Switzerland. EFTA was established in 1960 by Austria, Denmark, Great...

General Agreement on Tariffs and Trade

(Encyclopedia)General Agreement on Tariffs and Trade (GATT), former specialized agency of the United Nations. It was established in 1948 as an interim measure pending the creation of the International Trade Organiz...

North American Free Trade Agreement

(Encyclopedia)North American Free Trade Agreement (NAFTA), accord establishing a free-trade zone in North America; it was signed in 1992 by Canada, Mexico, and the United States and took effect on Jan. 1, 1994. NAF...

Wells, David Ames

(Encyclopedia)Wells, David Ames, 1828–98, American economist, b. Springfield, Mass., grad. Williams, 1847, and Lawrence Scientific School, Cambridge, Mass., 1851. Early in life he wrote several popular books on s...

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