Economy, asked by chandershekhar34, 1 year ago

how will you justify that credit is a crucial element in economic life

Answers

Answered by aby1777
20
Credit or Loan refers to an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment. Credit is a crucial element in economic life and plays an important role in the development of the country.
Answered by PrasannaConqueror
9

Answer:Credit or Loan refers to an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment. Credit is a crucial element in economic life and plays an important role in the development of the country.

Similar questions