Credit plays a vital and positive role for developement'. Elaborate
Answers
Answered by
5
Credit plays a vital and positive role for development because of some following reasons :- 1. It is not easy to carry cash at
every place while we can carry
credit at any or every place.
2. It is not easy to Caunt a big
amount when we are in hospitals,
restaurants, etc.
every place while we can carry
credit at any or every place.
2. It is not easy to Caunt a big
amount when we are in hospitals,
restaurants, etc.
Jyotimodi:
byyýyyýyyyyyyyyyyyyyyyyy Mr stupid
n I want to say u that if you want to impress someone then plz don't say anything like this otherwise if that person is like me na then he will give you a big slap
byyyýyy
tata
I said u bye then bye
Answered by
1
Explanation:
Credit plays a vital role in economic growth and development.
Credit availability at cheaper rates of interest encourages the business or firms to borrow more.
Borrowing more money will facilitate the growth of business or increase in production in the economy.
So, credit supply is the key factor for economic development.
Similar questions