Question

Explain positive role of credit with example

Answer 1

Credit is useful as it helps to meet the working capital needs of production
Ex-. A manufacturer taking credit for supplying goods in the festival season has low risk,as the products are most likely to be sold
Credit in such situations put in the borrower to better than before

Answer 2

Role of credit

Explanation:

'Credit' refers to an understanding in which the donor fulfills the borrower with wealth, assets or assistance in return for the guarantee of future repayment. Credit performs an essential and positive role as :

• (i) Credit supports people from all platforms of life in establishing up their market, increase their revenue and support their families

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