explain the positive and negative role played by credit with examples
Answers
Answer:
Credit assumes a significant part in a nation's advancement. By authorizing credits to creating businesses and exchange, banks furnish them with the essential guide for development.
This prompts increment in the generation, benefits and business. Notwithstanding, alert must be practiced on account of advances from the casual segment which incorporate high financing costs that might be more hurtful than great.
Therefore, it is vital that the formal area gives out more credits with the goal that borrowers are not tricked by moneylenders, and can at last add to national improvement.
For instance an advance given to a crisp post-graduate for setting up a business may add to work age, framework improvement sooner rather than later.
Explanation:
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