Examlex
What are the 5 Cs of credit?
Welfare State
The collection of government programs designed to alleviate economic hardship.
Government Spending
The total expenses incurred by a government on goods, services, and public projects.
Wealthy Countries
Nations characterized by a high level of income per capita, advanced infrastructure, and a strong economy.
Social Insurance Program
A government program designed to provide protection against unpredictable financial distress.
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