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supply and demand

(Encyclopedia)supply and demand, in classical economics, factors that are said to determine price, by correlating the amount of a given commodity producers hope to sell at a certain price (supply), and the amount o...

consumption

(Encyclopedia)consumption, in economics, direct utilization of goods and services by consumers, not including the use of means of production, such as machinery and factories (see capital). Consumption can be divide...

futurism

(Encyclopedia)futurism, Italian school of painting, sculpture, and literature that flourished from 1909, when Filippo Tommaso Marinetti's first manifesto of futurism appeared, until the end of World War I. Carlo Ca...

production

(Encyclopedia)production, in economics, all those activities that have to do with the creation of commodities, by imparting to raw materials utility, added value, or the ability to satisfy human wants. The farmer w...

Great Depression

(Encyclopedia)Great Depression, in U.S. history, the severe economic crisis generally considered to have been precipitated by the U.S. stock-market crash of 1929. Although it shared the basic characteristics of oth...

Amundsen, Roald

(Encyclopedia)Amundsen, Roald (Roald Engelbregt Grauning Amundsen) rōˈäl äˈmo͝onsən [key], 1872–1928, Norwegian polar explorer; the first person to reach the South Pole. He served (1897–99) as first mate...

unemployment

(Encyclopedia)unemployment, condition of one who is able to work but unable to find work. Once assumed to be voluntary, idleness was punishable by law; however it is now recognized that unemployment often arises fr...

economics

(Encyclopedia)economics, study of how human beings allocate scarce resources to produce various commodities and how those commodities are distributed for consumption among the people in society (see distribution). ...

Italian literature

(Encyclopedia)Italian literature, writings in the Italian language, as distinct from earlier works in Latin and French. In the second half of the 19th cent. Francesco De Sanctis, literary critic and historian, la...

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