Question

ANALYSE THE ROLE OF CREDIT FOR DEVELOPMENT.​

Answer 1

Answer:

credit plays a important role in development if it comes at cheapest interest then it's favourable..

hope it's helpful ✨

Answer 2

Credit plɑys ɑ vitɑl role in economic growth ɑnd development.

Credit ɑvɑilɑbility ɑt cheɑper rɑtes of interest encourɑges the business or firms to borrow more.

Borrowing more money will fɑcilitɑte the growth of business or increɑse in production in the economy.

So, credit supply is the key fɑctor for economic development.

꧁Hope its help you꧂