Credit is a financial term that refers to the ability to borrow money or access goods or services with the understanding that you'll pay later. It encapsulates various arrangements and concepts within personal and corporate finance. Credit influences numerous aspects of the economy, from individual purchasing power to corporate financial strategies.
Piece work refers to a system of payment based on the amount of work done rather than the time spent working, commonly used by contractors and individuals. Piece workers perform specific production services and are compensated for each piece completed.
