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rackets
Game for two or four players with ball and racket on a four-walled court. Rackets is played with a hard ball in a relatively large court (approx. 9\u00d7 18 m), unlike the related games of squash and racquetball. As in these other games, the object of rackets is to bounce, or rebound, the ball off the front and other walls in such a way as to defeat an opponent's attempt to reach and return it. It appears to have developed in England in the early 19th cent.


basketry
Art and craft of making containers and other objects from interwoven flexible fibers such as grasses, twigs, bamboo, and rushes. It is primarily a functional rather than a decorative art. The type of basketry in a given geographic region is determined by the type of vegetation available there. Numerous Asian, African, Oceanic, and Native Amer. cultures have excelled in basketry.


mackerel
Swift-moving, carnivorous, torpedo-shaped food and sport fishes of temperate and tropical seas worldwide. Mackerels (family Scombridae, order Perciformes) are 1-5.5 ft (30-170 cm) long. The common mackerel (Scomber scombrus) of the N. Atlantic and the chub mackerel (S. colias) of California and the Atlantic are economically important, as are the Indian mackerels (genus Rastrelliger) and the frigate mackerels (genus Auxis). Other species (genus Scomberomorus) are favorite game fish. The name mackerel also refers to certain shark species (see mackerel shark), tuna, and bonito.


market
Means by which buyers and sellers are brought into contact with each other and goods and services are exchanged. The term originally referred to a place where products were bought and sold; today a market is any arena, however abstract or far-reaching, in which buyers and sellers make transactions. The commodity exchanges in London and New York, for example, are international markets in which dealers communicate by telephone and computer links as well as through direct contact. Markets trade not only in tangible commodities such as grain and livestock but also in financial instruments such as securities and currencies. Classical economists developed the theory of perfect competition, in which they imagined free markets as places where large numbers of buyers and sellers communicated easily with each other and traded in commodities that were readily transferable; prices in such markets were determined only by supply and demand. Since the 1930s, economists have focused more often on the theory of imperfect competition, in which supply and demand are not the only factors that influence the operations of the market. In imperfect competition the number of sellers or buyers is limited, rival products are differentiated (by design, quality, brand name, etc.), and various obstacles hinder new producers' entry into the market.


Necker
Swiss-French financier and director-general of finance under Louis XVI. Born in Geneva, he became a ...

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