Question

How can credit improves and decrease the economic condition of people?

Write in ur own words in simple language.

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Answer 1

$\huge\underline\purple{Answer:-}$

As credit can improve the economic condition of the peoples living in a particular country because it creates a direct effect on the financial condition of a person. It also helps in the growth of productivity and helps in maximising the Gross Domestic Product (GDP) and the economic growth.

Answer 2

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Refer the attachment.