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What Are the 5 Cs of Credit

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What are the 5 Cs of credit?


Definitions:

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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