Definition of social credit in English:

social credit


mass noun
  • The economic theory that consumer purchasing power should be increased either by subsidizing producers so that they can lower prices or by distributing the profits of industry to consumers.

    • ‘The advocates of social credit rightly link monetary reform to profound changes in the underlying class structure.’
    • ‘The party was based around the ideas of Social Credit, an economic theory established by C. H. Douglas.’
    • ‘In fact, Social Credit is no longer only a theory, but is put into practice in these countries, with local debt-free banks multiplying.’
    • ‘Chris provides some tactics for dealing with contact overload, one of which Jeff used to prevent extending undue social credit, but I can't help but think this isn't a significant issue.’
    • ‘Frankly, that is a resurgence of social credit.’