distinguish between productive and unproductive credit
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Answer:
productive credit means that it has value and vise-versa unproductive for eg. credit from money lender
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Answer:
Productive debt eliminates them naturally; this means the principal amount and interest are usually paid on the proceeds from the projects where the loan is used. Debt is said to be non-productive if the loan is backed up by war and other emergency services.
Explanation:
Farmer's debt needs can be divided into productive and non-productive. The first includes loans to buy seeds, fertilizers and machinery and to meet the needs of agricultural activities. Fruitless loans are for purposes such as weddings and receptions.
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