Home >  Term: self correcting
self correcting

A problem that cures itself if allowed to do so. Thus, for example, a payments imbalance can cause its own elimination through the specie flow mechanism. Likewise, a recession will, eventually, be eliminated by the deflation that it causes.

0 0

Creator

  • Noroc
  •  (Silver) 911 points
  • 100% positive feedback
© 2024 CSOFT International, Ltd.