give any two examples of informal sector of credit
Answers
Answered by
1
Heyya!
Informal sources:
(i) These include those small and scattered units which are largely outside the control of the government.
(ii) There is no organisation which supervises the credit activities.
(iii) They charge much higher rates of interest.
(iv) Their main motive is profit-making.
Example: Moneylenders, traders, employees, relatives and friends, etc.
Hope it helps!☺️
Informal sources:
(i) These include those small and scattered units which are largely outside the control of the government.
(ii) There is no organisation which supervises the credit activities.
(iii) They charge much higher rates of interest.
(iv) Their main motive is profit-making.
Example: Moneylenders, traders, employees, relatives and friends, etc.
Hope it helps!☺️
Avinashj2002:
jamshedpur
bata
ooooo I'm from calcutta
konsi class mein padta hai
10 th
me too
bhai mark kr de plzz
kaise dete hai
are dusra jo answer de rha hai usko report kr de
koi aur answer dega to mera answer .mark kr dena
Answered by
0
Two examples of informal sector of credit :
1. Credit from money lenders
2. Credit from family members
HOPE IT HELPS
Thanking you
Yours truly
ZunayedTIME
Similar questions