Question

The credit Activities of the informal sector should be discouraged.Support the statement..​

Answer 1

Answer:

The credit Activities of the informal sector should be discouraged.Support the statement..

Explanation:

The credit activities of the informal sector should be discouraged because: 85% of loans taken by the poor households in the urban areas are from informal sources. ... Higher cost of borrowing means a larger part of the earnings of the borrowers is used to repay the loan.