Question

Describe the and positive role of credit with example? Class 10 economic chapter 1

Answer 1

Answer:

Credit (loan) refers to an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment. 2. Credit plays an important role in a large no. ... The delivery of the order eventually helps Salim in making a good profit and repays the money borrowed.

Explanation: