Question

Cheap and affordable credit is crucial for the countries development
Justify the statement
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Answer 1

Answer:

cheap and affordable credit is crucial for the country's development due to the following factor:-

chhap credit means more income would be left with the borrower to reinvest rather than return in interest. This leads to acceleration of economic activity

Explanation:

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Answer 2

1. Answer:

Cheap and affordable credit is crucial for the country's development due to the following factors: ... Cheap creditmeans more income would be left with the borrower to reinvest rather than return as interest. This leads to acceleration of economic activity.

Explanation:

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