Question

Class 10 economics

What is a dept rapt ?

Answer 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

Answer 2

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