Archives: Terms

Definition of the DAD–SAS Model The DAD–SAS (Demand-Adjusted Data – Supply-Adjusted Data) model is an economic framework used to analyze the interaction between demand-side and supply-side factors in an economy. This model helps in understanding how variations in demand and supply can influence overall economic equilibrium, price levels, and output. […]

Definition of Cultural Economics Cultural economics is the study of the relationship between culture and economic outcomes. It explores how cultural norms, beliefs, and values influence economic behavior and decisions, such as consumption, production, and distribution of goods and services. This field examines both how economic forces shape culture and […]

Definition of Crowding-In Effect The crowding-in effect refers to a scenario in which increased government spending leads to additional private sector investment. Unlike the crowding-out effect, which suggests that governmental intervention, especially through borrowing, deters private investment by raising interest rates, the crowding-in effect posits that such intervention can actually […]

Definition of Crisis Theory Crisis theory refers to a framework used in economics and sociology to analyze and understand the dynamics, causes, and consequences of crises within societies or economic systems. This theory explores the conditions and processes that lead to crises, such as financial crashes, economic depressions, social upheavals, […]

Understanding the Criticism of Capitalism Capitalism, as an economic and social system, has been the subject of scrutiny and debate since its inception. The system, characterized by private ownership of the means of production, the creation of goods and services for profit, and market competition, is criticized for various reasons. […]

Definition of Creditor A creditor is an entity (person, organization, company, or government) that has provided goods, services, or money to another entity under the condition that the latter will return the equivalent value or repay the money, typically with interest, at a later date. Creditors can be classified into […]

Definition of Credit Union A Credit Union is a member-owned financial cooperative that provides a variety of financial services to its members. Credit Unions operate on the principle of people helping people, meaning they aim to serve their members’ financial needs rather than maximizing profits. Members of Credit Unions share […]

Definition of Credit Rating A Credit Rating is an assessment or evaluation of the creditworthiness of an individual, corporation, or even a country. It signifies the ability and willingness of the debtor to meet financial commitments, such as interest payments or repayment of the principal amount on a timely basis. […]

Definition of Credit Score A credit score is a numerical expression based on a level analysis of an individual’s credit files, representing the creditworthiness of the person. A higher score indicates better credit risk. Credit scores are calculated through the analysis of a person’s credit history, including factors such as […]

### Definition of Credit Card A credit card is a payment card issued to users (cardholders) that enables the holder to pay a merchant for goods and services based on the cardholder’s accrued debt. The card issuer, usually a bank or credit union, creates a revolving account and grants a […]