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Price, Richard

(Encyclopedia) Price, Richard, 1723–91, English nonconformist minister and philosopher. His philosophical importance rests on his ethical discussion, Review of the Principal Questions and…

value-added tax

(Encyclopedia) value-added tax (VAT), levy imposed on business at all levels of the manufacture and production of a good or service and based on the increase in price, or value, provided by each…

Pea Ridge

(Encyclopedia) Pea Ridge, chain of hills, NW Ark., where the Civil War battle of Pea Ridge (or Elkhorn Tavern) was fought Mar. 6–8, 1862. Earl Van Dorn, leading a large Confederate command, which…

corner

(Encyclopedia) corner, securing of all or nearly all the supply of any commodity or stock so that its buyers are forced to pay exorbitant prices. Corners may be planned deliberately or may be brought…

commodity market

(Encyclopedia) commodity market, organized traders' exchange in which standardized, graded products are bought and sold. Worldwide, there are more than 20 major commodity exchanges and many smaller…

margin requirement

(Encyclopedia) margin requirement, that part of a security's price that a buyer must pay for in cash. The balance of the price is met by the broker, who, in effect, is supplying a client with a loan…

Office of Price Administration

(Encyclopedia) Office of Price Administration (OPA), U.S. federal agency in World War II, established to prevent wartime inflation. The OPA issued (Apr., 1942) a general maximum-price regulation that…

Denny Price 2000 Deaths

Denny PriceAge: 62 United States Basketball League co-coach and father of former NBA star Mark and current NBA player Brent; became co-coach of Oklahoma Storm in April 2000; athletic director…

Look at These Prices!: Tinkering with Markets

Tinkering with MarketsLook at These Prices!IntroductionLet's Stretch: Elasticity of DemandWhat Determines Elasticity?Tinkering with MarketsThe Price You Gotta Pay Up to now we have been examining…