Archives: Terms

Definition of Soft Loan A soft loan, also known as a concessional loan, is a loan with more favorable terms than typical market loans. This means the loan could come with a lower interest rate, longer repayment intervals, extended grace periods, or a combination of these features. The primary purpose […]

Definition of Soft Landing Soft landing is an economic term that refers to a scenario where an economy slows down just enough to avoid a recession while managing to control inflation and external imbalances. The term is often used in the context of monetary policy, where central banks aim to […]

Definition of Soft Currency Soft currency, also known as weak currency, refers to a currency with a value that fluctuates, primarily falling in relation to other currencies. This type of currency is less stable and is often associated with higher inflation rates, economic instability, or weak governance in the issuing […]

Definition of Soft Budget Constraint A soft budget constraint refers to a situation where an entity, such as a government, organization, or enterprise, operates under the expectation that it will receive financial support to cover its deficits and losses. This concept contrasts with a hard budget constraint, where the entity […]

Definition of Socio-Economic Class Socio-economic class refers to the categorization of individuals based on their economic and social position in relation to others in society. Typically, this classification considers factors such as income, education, occupation, and wealth. Socio-economic classes are essential for understanding the distribution of resources, opportunities, and privileges […]

Definition of Social Welfare Social welfare refers to the well-being of individuals and the community as a whole. This concept encompasses various dimensions including economic, social, and health conditions that contribute to the quality of life. Social welfare can be seen as the overall happiness and prosperity of a society, […]

Definition of Social Time Preference Social Time Preference refers to the rate at which society values current consumption and well-being over future consumption and well-being. Essentially, it describes the preference of society as a whole for present benefits compared to future benefits. This concept often intersects with discussions on sustainability, […]

Definition of Social Services Social services refer to a range of public services provided by the government, private, non-profit, and non-governmental organizations aimed at ensuring the well-being of individuals and communities. These services are intended to promote social welfare and support the needs of the population, particularly the most vulnerable […]

Definition of Social Security Contributions Social Security Contributions refer to the mandatory payments made by employees and employers into a government-run social insurance program. These contributions are primarily used to fund retirement benefits, disability insurance, and survivor benefits. The idea is to provide financial assistance to individuals during times of […]

Definition of Social Security Benefits Social Security Benefits refer to the monthly payments provided by the Social Security Administration (SSA) to eligible individuals and their families. These benefits are primarily designed to offer financial support to retirees, disabled individuals, and survivors of deceased workers. The funding for these benefits comes […]