Question

"Cheap and affordable credit is crucial for the development of a country." Justify​

Answer 1

sorry for your time which I had spelled over

Explanation:

Answer 2

Cheap and affordable credit is important for the country’s development because of the following reasons:
(i) This would lead to higher incomes and many people could then borrow cheaply for a variety of needs.
(ii) They could grow crops, do business, set up small scale industries etc.
(iii) They could set up new industries or trade in good. All these lead to the country’s development.