Examlex
Webster Industries is one of the first producers of a unique consumer product. The company has chosen a low-price strategy, hoping this will enable them to quickly attract many customers while discouraging potential competitors from entering the market. Webster's approach to pricing is a classic example of the skimming strategy.
Natural Rights
Fundamental rights believed to be inherent to humans, independent of any government or social system, often including life, liberty, and the pursuit of happiness.
Lincoln-Douglas Debates
A series of seven debates in 1858 between Abraham Lincoln and Stephen A. Douglas focusing on the issue of slavery in American territories.
U.S. Senator
A member of the United States Senate, one of the two chambers of the United States Congress, elected to represent their state for a term of six years.
Illinois
A state located in the Midwestern region of the United States, known for its diverse economic base and as being home to the city of Chicago.
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