Economy, asked by Anonymous, 1 year ago

Class 10 economics

What is a dept rapt ?

Answers

Answered by prachi3744
1
A situation in which a debt is difficult or impossible to repay, typically because high interest payments prevent repayment of the principal. An incentive structure that lures individuals into accepting long-termdebt obligations under conditions that strongly favor the lender
Answered by shivamtutor24
1
it is debt-trap not debt-rapt
It is a condition in which a borrower is is not able to pay his previous Dept and get trapped in the interest of the creditor

shivamtutor24: what is ur name
Anonymous: :-)
Anonymous: Anam
shivamtutor24: where are u from
Anonymous: patna
shivamtutor24: oo
shivamtutor24: i am from muzaffarpur
Anonymous: great
shivamtutor24: in which class do you read
Anonymous: 10
Similar questions