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1) commodity market. The Columbia Encyclopedia, Sixth Edition. 2001
...Most trading is done in futures contracts, that is, agreements to deliver goods at a set time in the future for a price established at the time of the agreement....

2) Commodity Credit Corporation. The Columbia Encyclopedia, Sixth Edition. 2001
...Commodity Credit Corporation, see agricultural subsidies....

3) corner. The Columbia Encyclopedia, Sixth Edition. 2001
...Corners may be planned deliberately or may be brought about unintentionally, as through a fight for controlling interest in a corporation's stock. In the first type...

4) value, in economics. The Columbia Encyclopedia, Sixth Edition. 2001
...Value depends on both desirability and scarcity. The marginal theory of value, pioneered in the late 19th cent. by Leon Walras, Stanley Jevons, and Carl Menger, has...

5) supply and demand. The Columbia Encyclopedia, Sixth Edition. 2001
...Supply refers to the varying amounts of a good that producers will supply at different prices; in general, a higher price yields a greater supply. Demand refers to...

6) monopoly. The Columbia Encyclopedia, Sixth Edition. 2001
...Industrial Revolution led to the formation of monopoly and oligopoly. Since the notion of monopoly is antithetical to the free market ideal, it has never been popular...

7) wheat. The Columbia Encyclopedia, Sixth Edition. 2001
...Triticum of the family Gramineae (grass family), a major food and an important commodity on the world grain market. 1 Wheat Varieties and Their UsesThe wheat plant...

8) fair-trade laws. The Columbia Encyclopedia, Sixth Edition. 2001
...United States, a former group of statutes that permitted manufacturers to specify the minimum retail price of a commodity. The first fair-trade law was adopted (1931)...

9) exchange. The Columbia Encyclopedia, Sixth Edition. 2001
...Modern capitalistic society, although an outgrowth of the exchange economy, is no longer based on exchange. Strict exchange depends on barter; in modern society the...

10) Whiskey Rebellion. The Columbia Encyclopedia, Sixth Edition. 2001
...Whiskey Rebellion, 1794, uprising in the Pennsylvania counties W of the Alleghenies, caused by Alexander Hamilton's excise tax of 1791. The settlers, mainly Scotch-Irish,...

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