“The credit activities of the informal sector should be discouraged”.Support the statement with
arguments
Answers
Answered by
0
Answer:
what can i answer please tell me
Answered by
0
Answer:
the credit activity of informal sector should be discourage because of the following reason
- because informal sector take 50 to 60% of interest while giving loan but formal sector take interest less than it
- informal sector exploit the borrows
- formal sector lead many person in debt trap
- there are no organisation to supervise informal sectors such as formal sector
- people who might rest to start an enterprise may meet actualli do so because of high cost of borrowing
Similar questions