Question

21. Explain the role of education and health in the overall development of a country.
22. Why are formal sources of credit preferred over the informal sources of credit? Givet​

Answer 1

Explanation:

21

Answer. Education is an important input for the growth of an individual.It plays a major role in capital formation, that adds to the productive part of the country.It helps a person to realize his potential and the ability to do a work. Educated people gain through higher

answer 22

Formal sources of credit preferred over Informal sources of credit because: i. Formal sources have low cost of borrowing ii. Higher Income through cheap borrowing iii.No exploitation and debt trap.

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Answer 2

Answer:

21. Baba Baba Baba de de de de de de de de de de ni ni sa sa sa sa re re ga ma pa 2 2 2 2 2 2