Economy, asked by blackbulls, 8 months ago

Explain about the two different credit situation and how it can benefit or affect the people.

Answers

Answered by Manogna12

Formal sector- It includes banks and cooperative that extends loans to household for entrepreneurship and other personal needs . The rate of interest are charged by them is low. 2. Informal sector - It includes moneylenders traders employers relatives and friends .

Answered by alliswell38

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