Question

Credit plays a vital and positive role. explain with EXAMPLE.

Answer 1

Credit plays a significant role in development, for most of the businesses, credit becomes essential for expansion at some time or the other. Without the credit, a small company cannot grow to become a bigger company. Farmers cannot go for large scale farming in the absence of credit facilities. The majority of people shall never be in a position to own houses or even buy cars without loans. Demand for these help in economy development.

Answer 2

in this case dishoom manufacture obtain credit to meet the working capital needs of production, the credit help him to me the ongoing expenses of production , complete production on time and the bike increase his earnings .the four credit plays a vital and positive role in the situation .