Economy, asked by singhkaran4581, 17 days ago

EXAMINE ANY THREE SITUATIONS IN WHICH CREDIT PUSHES THE BORROWER INTO A DEBT- TRAP?​

Answers

Answered by krishnamurthybng2009
0

When a borrower particularly in rural area fails to repay the loan due to the failure of the crop, he is unable to repay the loan and is left worse off. This situation is commonly called debt- trap.

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