Economics (/ ɛ k ə ˈ n ɒ m ɪ k s, iː k ə-/) is the social science that studies how individuals, organizations, and societies manage the scarce resources under their control for the satisfaction of their needs and desires. Economics focuses on the behavior and interactions of economic agents and how those interactions work particularly ...
Credit (from Latin credit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date.
The Economics of Credit Cards by Todd J. Zywicki :: SSRN
Alternatively, it could be argued that the credit card market is competitive and that consumers use credit cards rationally. As this article will show, both credit card issuers and consumers appear to act in a manner consistent with the predictions of economic theory.
Credit & Economics. 10 Purchases You Should Always Make With a Credit Card. Don Clement Jr. of Credit Plus discusses the 10 types of purchases you should always make with a credit card. Podcasts from Mortgage Matters Talk 107.3 FM weekly radio show in Baton Rouge, LA sponsored by GMFS Mortgage.
Type # 3. Cheque: A cheque by far the most important credit instrument is a written order by a person on a bank to pay on demand a certain sum of money either to himself or to his order or to his bearer. It is a credit instrument so long as it is not presented for encashment.