Class 10 economics
What is a dept rapt ?
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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
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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
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
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