Question

state any two positive and negative role of credit ?

Answer 1

there are two positive and negatives role of credit.

positive role


credit helps to meet the Working capital needs of production.


it helps in setting us new industries or trade in goods.


negative role


in the case of high risk , credit pushes the borrower into a debt - trap . that is credit in this case pushes the borrower into a situation from which recovery is very painful.

instead of improvement in earnings , the borrower is much worse off than before farmers have to sell part of land to repay the loan.


be brainly

Answer 2

Answer:

Negative aspects of credit card Credit card debt is bad debt because of its high interest rates and low minimum payments, and the fact that it isn't used to buy appreciating assets. ... Positive aspects of credit card Paying all your bills on time, every time, as agreed under the terms of your contract with the lender.