Question

credit has its own unique role for development justify this statement

Answer 1

Credit helps people from all walks of life in setting up their business increase their income and support their families. To some people loan helps a lot in constructing their houses and get relief from monthly rent. To others it helps a lot in raising their standards



And even u can include the story of Salim as an example as it helped him and he is able to increase his earnings as a shoe manufacturer..

Answer 2

Credit is the most important part of the economy. Ray Dalio, founder of the investment firm Bridgewater Associates, describes it as a transaction between a lender and a borrower, in which the borrower promises to pay back the money in the future along