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Jura, mountain range, France and Switzerland

(Encyclopedia)Jura jo͝orˈə, Fr. zhüräˈ, Ger. yo͞oˈrä [key], mountain range, part of the Alpine system, E France and NW Switzerland, occupying parts of the French region of Franche-Comté and the Swiss cant...

husband and wife

(Encyclopedia)husband and wife, the legal aspects of the married state (for the sociological aspects, see marriage). The former Anglo-American law of marriage was chiefly characterized by the view that husband an...

monopoly

(Encyclopedia)monopoly mənōpˈəlē [key], market condition in which there is only one seller of a certain commodity; by virtue of the long-run control over supply, such a seller is able to exert nearly total con...

black market

(Encyclopedia)black market, the selling or buying of commodities at prices above the legal ceiling or beyond the amount allotted to a customer in countries that have placed restrictions on sales and prices. Such tr...

exchange

(Encyclopedia)exchange, mutual transfer of goods, money, services, or their equivalents; also the marketplace where such transfer occurs, such as a stock exchange or a commodity exchange (see commodity market). In ...

international monetary system

(Encyclopedia)international monetary system, rules and procedures by which different national currencies are exchanged for each other in world trade. Such a system is necessary to define a common standard of value ...

Galilee, Sea of

(Encyclopedia)Galilee, Sea of, Lake Tiberias kĭnˈərĕtˌ [key], lake, 64 sq mi (166 sq km), 14 mi (23 km) long, and 3 to 7 mi (4.8–11.3 km) wide, NE Israel; its surface is c.700 ft (210 m) below sea level. Th...

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...

W and Z particles

(Encyclopedia)W and Z particles, elementary particles that mediate, or carry, the fundamental force associated with weak interactions. The discovery of the W and Z particles at CERN near Geneva, Switzerland, in the...

Malthus, Thomas Robert

(Encyclopedia)Malthus, Thomas Robert mălˈthəs [key], 1766–1834, English economist, sociologist, and pioneer in modern population study. A graduate of Cambridge, he was a professor at the East India College, Lo...