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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...

commercial law

(Encyclopedia)commercial law, the laws that govern business transactions, except those relating to the maritime transportation of goods (see maritime law). Commercial law developed as a distinct body of jurispruden...

civil rights

(Encyclopedia)civil rights, rights that a nation's inhabitants enjoy by law. The term is broader than “political rights,” which refer only to rights devolving from the franchise and are held usually only by a c...

capital punishment

(Encyclopedia)capital punishment, imposition of a penalty of death by the state. Since the 1970s almost all capital sentences in the United States have been imposed for homicide. There has been intense debate reg...

New Caledonia

(Encyclopedia)New Caledonia, Fr. Nouvelle Calédonie, officially Territory of New Caledonia and Dependencies, internally self-governing dependency of France (2015 est. pop. 269,000), land area 7,241 sq mi (18,760 s...

Milken, Michael Robert

(Encyclopedia)Milken, Michael Robert mĭlˈkən [key], 1946–, American financial executive, b. Van Nuys, Calif. Nicknamed the “junk bond king,” he was an executive at Drexel Burnham Lambert, Inc., where he tr...

Morley, John, 1st Viscount Morley of Blackburn

(Encyclopedia)Morley, John, 1st Viscount Morley of Blackburn, 1838–1923, English statesman and man of letters. Educated at Oxford, he made his reputation as a journalist in London and served (1867–82) as editor...

Mohammed bin Salman

(Encyclopedia)Mohammed bin Salman, 1985–, crown prince of Saudi Arabia, b. Riyadh. The son of King Salman bin Abdul Aziz, he received a law degree from King Saud Univ. (2007) and then worked in government and for...

lese majesty

(Encyclopedia)lese majesty or leze majesty both: lēz măˈjĭstē [key] [Fr. lèse majesté, Lat. laesae maiestatis (crimen)=(crime of) violating majesty], offense against the dignity of the sovereign of a state o...

Luthuli, Albert John

(Encyclopedia)Luthuli, Albert John lətho͞oˈlē [key], 1898?–1967, African political leader in the Republic of ...