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Narva, river, Estonia and Russia

(Encyclopedia)Narva, river, c.50 mi (80 km) long, rising in Lake Peipus (Chudskoye), E Estonia, and flowing northeast past the city of Narva into the Gulf of Finland. It forms the border between Estonia and Russia....

foreign exchange

(Encyclopedia)foreign exchange, methods and instruments used to adjust the payment of debts between two nations that employ different currency systems. A nation's balance of payments has an important effect on the ...

colleges and universities

(Encyclopedia)colleges and universities, institutions of higher education. Universities differ from colleges in that they are larger, have wider curricula, are involved in research activities, and grant graduate an...

Say, Jean Baptiste

(Encyclopedia)Say, Jean Baptiste zhäN bätēstˈ sā [key], 1767–1832, French economist. In A Treatise on Political Economy (1803, tr. from the 4th ed. 1821) he effectively reorganized and popularized the theori...

domestic service

(Encyclopedia)domestic service, work performed in a household by someone who is not a member of the family. It was performed by slaves in many early civilizations, e.g., in Greece and Rome. Under the feudal system ...

drug addiction and drug abuse

(Encyclopedia)drug addiction and drug abuse, chronic or habitual use of any chemical substance to alter states of body or mind for other than medically warranted purposes. Traditional definitions of addiction, with...

price

(Encyclopedia)price, amount of money for which a unit of goods or services is exchanged. Price is equivalent to market value and may or may not measure the intrinsic value of the goods or services to the buyer or s...

inflation

(Encyclopedia)inflation, in economics, persistent and relatively large increase in the general price level of goods and services. Its opposite is deflation, a process of generally declining prices. The U.S. Bureau ...

value, in economics

(Encyclopedia)value, in economics, worth of a commodity in terms of other commodities, or in terms of money (see price). Value depends on both desirability and scarcity. The marginal theory of value, pioneered in t...

exile, in politics and government

(Encyclopedia)exile, removal of a national from his or her country, or the civilized parts of it, for a long period of time or for life. Exile may be a forceful expulsion by the government or a voluntary removal by...