Social Sciences, asked by kumarrakesh0141981, 4 months ago

how does debt trap start ? elaborate with examples

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Answered by advsurender77

Explanation:

It is the situation when borrower is unable to pay previous loan and he takes new loan. This is called Debt Trap. Ex= Ram has taken loan to pay fee of his son and he is unable to pay that loan and takes 2nd loan to pay fee.

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how does debt trap start ? elaborate with examples​

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how does debt trap start ? elaborate with examples