scarce product
81South Africa — Republic of, a country in S Africa; member of the Commonwealth of Nations until 1961. 42,327,458; 472,000 sq. mi. (1,222,480 sq. km). Capitals: Pretoria and Cape Town. Formerly, Union of South Africa. * * * South Africa Introduction South Africa… …
82Sweden — /sweed n/, n. a kingdom in N Europe, in the E part of the Scandinavian Peninsula. 8,946,193; 173,732 sq. mi. (449,964 sq. km). Cap.: Stockholm. Swedish, Sverige. * * * Sweden Introduction Sweden Background: A military power during the 17th… …
83arts, East Asian — Introduction music and visual and performing arts of China, Korea, and Japan. The literatures of these countries are covered in the articles Chinese literature, Korean literature, and Japanese literature. Some studies of East Asia… …
84international trade — Introduction economic transactions that are made between countries. Among the items commonly traded are consumer goods, such as television sets and clothing; capital goods, such as machinery; and raw materials and food. Other transactions… …
85Free good — The free good is a term used in economics to describe a good that is not scarce. A free good is available in as great a quantity as desired with zero opportunity cost to society. A good that is made available at zero price is not necessarily a… …
86chemistry — /kem euh stree/, n., pl. chemistries. 1. the science that deals with the composition and properties of substances and various elementary forms of matter. Cf. element (def. 2). 2. chemical properties, reactions, phenomena, etc.: the chemistry of… …
87Butter — is a dairy product made by churning fresh or fermented cream or milk. It is used as a spread and a condiment, as well as in cooking applications such as baking, sauce making, and frying. Butter consists of butterfat, water and milk proteins. Most …
88Interrelated Demand and Supply — Each market is studied independently, known as partial equilibrium, but obviously markets are linked. The demand for one product is affected by changes in the market for other related products. The demand for all products is related because all… …
89Diffusion of technology in Canada — This article outlines the history of the diffusion or spread of technology in Canada. Technologies chosen for treatment here include, in rough order, transportation, communication, energy, materials, industry, public works, public services… …
90research and development — Introduction abbreviation R and D, or R & D, in industry, two intimately related processes by which new products and new forms of old products are brought into being through technological innovation. Introduction and definitions …
