credibility

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credibility

1the extent to which individuals and firms believe that the government will carry out the macro-economic policies that it promises to pursue. Credibility is important in influencing the EXPECTATIONS that individuals and firms have about future economic policies, and these expectations in turn affect their current behaviour.
the extent to which potential market entrants believe that incumbent firms will react to their entry, for example, by cutting their prices. The credibility of such threats by incumbent firms will determine whether potential entrants decide to enter a market.

See BARRIERS TO ENTRY, LIMIT PRICING, POTENTIAL ENTRANT.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

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Mr Stitt told the BBC: "Did she ruin my street cred? Of course she did.

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I can't tell you what it does for my 'street cred' with my grandchildren.

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"Along the way, I have demolished a building - George was at an age at the time that he loved seeing the digger in action, so it did my street cred as a father a world of good."

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It's a good way of gaining street cred, while not having to learn anything about football itself.

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Daisy may think disrobing will send her street cred soaring, but they'll be no going back once the edition hits the newsagents.

Daisy shouldn't stoop so Lowe

Launched June 16 at a party at the Artists for Humanity EpiCenter, "B 1 Example: Redefine Street Cred" began with teaser "B" messages, such as "B Creative," "B Smart" and "B You."

Boston addresses youth violence

STREET CRED: Striker Wayne Rooney with the winner of last year's Street Striker programme

Taking to the Street

We are told that painstaking consumer research was poured into the final design, and advertising's finest minds have predictably decided that youth appeal means a 40-year-old's idea of 'street cred' - the emblem leaves the impression of an inexpert graffiti daubing on the window of a Jubilee line train.

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TOUGH guys who can't bear to ditch their mighty gas guzzlers should check out this Jeep - an eco-friendly monster that won't ruin your street cred.

Jeepers creepers it's eco friendly

In dizzying daily conversation, those who have changed their position on the war think they deserve more street cred than those who were against it from the start.

The U.N. goes to junior high

I'm a sucker for dominant Latina women." And doing hard time gives her mad street cred.

Who's the hottest? Which celebs trip our lesbian triggers these days? Chrisanne Eastwood asked six women and got some eye-opening answers. (Sorry, Angelina)

Youths are getting "street cred" for sprucing up an area they may once have been tempted to vandalise.