Negative role of credit with examples
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Credit refers to a loan, an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment. ... How to make sst project class x on money and credit. ... Copyright © 2018 Applect Learning Systems Pvt. Ltd.
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negative role of credit is debt trap.
for eg:- a farmer goes to the moneylender for taking the loan from him for his this year cultivation . he promise the moneylender to return his loan after selling his crop . then at the time of harvesting a thunderstorm came and all the crop get destroyed and he is not able to return the loan of moneylender so he have to sell a small portion of his field to the moneylender.
for eg:- a farmer goes to the moneylender for taking the loan from him for his this year cultivation . he promise the moneylender to return his loan after selling his crop . then at the time of harvesting a thunderstorm came and all the crop get destroyed and he is not able to return the loan of moneylender so he have to sell a small portion of his field to the moneylender.
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