Question

illustrate with example the role of loan in business

Answer 1

Explanation:

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Answer 2

Explanation:

--> Loan is a crucial element in economic life and plays a vital and positive role.

--> It hepls to increase earnings.

--> It makes a person economically better off than before.

--> It helps the poor and needy at the time of crisis.

--> It hepls the poor to meet the ongoing expenses of production and complete production on time.

--> Ex- Salim obtains credit to meet the working capital needs of production. It hepls him to increase his business, and therefore credit plays a positive role in this situation.

--> But, in some other cases, crops may fail and due to this the person get pushes into the dept trap.