Question

Analyse the role of credit for development​

Answer 1

Answer:

credit ensures yousr gdp and ppp which increase and shows economic growth and development

Answer 2

Answer:

A proper credit policy plays a crucial role in sustaining development. When banks give out loans, business houses have credit to increase production which leads to increased employment and profits. ... There is a need to increase loans from formal sector to avoid exploitation of borrowers by moneylenders