英语词汇“soft budget constraint”的翻译、意思、用法、释义-英汉经管词典

单词	soft budget constraint
释义	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. For example, the managers of state-owned firms may believe that if they run at a loss, or make smaller profits than they have been instructed to, the state will meet the firm's losses, and not sack them. This is contrasted with a hard budget constraint, where the results of failure to break even, or to achieve required levels of profits, are expected to be catastrophic: for example, closure of the enterprise or dismissal of the management.
随便看	convergence convergence criteria convergent series convertibility convertible currency convertible debenture convexity co-operation co-operative society coordinates co-ordination failure co-ordination, policy copyright core core inflation corner corner a market corner solution corporate equity corporate income tax corporate sector corporation Corporation Tax corporatism correlation

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