Economy, asked by Anonymous, 11 months 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
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Anonymous: patna
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Anonymous: 10
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