define credit and per capita income. tell me fast
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Explanation:
Per capita income refers to the average income of each person in a country. that is the total income of country divided by the population
Credit refers to the ability of the customer to obtain goods and services before the payment based on the trust that payment will be made in future
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Hello mate✌✌✌
Credit of loan refers to an agreement in which lenders supply the borrowers with money, goods or services in return for the promise of future repayment.
Per capita income is a measure of the amount of money earned per person in a nation or geographic region.
Hope it helps✌✌✌
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