Question

Describe the positive role of credit in production process.​

Answer 1

Answer:

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Explanation:

(i) Credit helps people from all walks of life in setting up their business, increase their income and support their families.

(ii) To some people loan helps a lot in constructing their houses and get relief from monthly rent.

(iii) To others it helps a lot in raising their standards.

(iv) Example of Salim, The credit helps him and he is able to increase his earnings.

Answer 2

Answer:

Credit helps people from all walks of life in setting up their business, increase their income and support their families.

Explanation:

I hope it's help you!!