Social Welfare Function
The level of welfare in an economy or society expressed as a function of economic variables.
Socio-economic Class
The UK National Statistics classification that groups together people with similar social and economic status.
Soft Budget Constraint
A limit to spending by some public body where those supposed to be subject to it believe that the consequences of breaching it will not be serious.
Soft Currency
A comprehensive examination of the term 'soft currency,' its implications, and comparisons within economic frameworks.
Soft Landing
A successful stabilization programme that achieves price stability without causing a recession.
Soft Loan
An economic term referring to a loan with less onerous conditions than prevailing market rates, frequently used for financing projects in developing countries or to support economic and social development.
Sole Proprietor
An in-depth overview of the concept of a sole proprietor in economics.
Sole Trader
A comprehensive entry on 'sole trader,' also referred to as 'sole proprietor,' within the framework of economics.
Sound Money
Definition and meaning of sound money, preserving stable purchasing power through diligent monetary policy.
Sovereign Debt
Debt of the governments of independent countries and the economic implications.
Spare Capacity
Capital equipment available but not currently needed for production, maintained to meet potential sudden demand increases or to ensure continuity during equipment breakdowns.