Question

analyse the role of credit for development why is cheap and affordable credit important for country's development explain three reasons​

Answer 1

Cheap and affordable credit is crucial for the country's development due to the following factors: ... Affordable credit would also end the cycle of debt trap and lead to sustainable economic activity that would allow borrowers to invest in better technology to make their business more competitive.

Answer 2

importance of cheap and affordable credit for country's development are as follows

1 cheap and affordable credit would lead to the higher income.

2 many people good borow for a variety of needs

3 it enables more investment which will lead to the acceleration of economic activities.

Hope it helps