Social Sciences, asked by lekshmigouri8281, 1 year ago

What are the advantages of credit

Answers

Answered by Anonymous

Here is your answer ⤵⤵⤵

✳ The biggest disadvantage of credit cards is that they encourage people to spend money that they don't have..

✳ High Interest Rates and Increased Debt -- Credit card companies charge you an enormous amount of interest on each balance that you don't pay off at the end of each month.

HOPE IT HELPS YOU ☺☺ !!!

lekshmigouri8281: Sorry my question is about the advantages of credit not the credit card

lekshmigouri8281: Hello plzz rewrite the answer

gokulchief: dear it is credit not credit card

lekshmigouri8281: Hey I ask the advantage

Anonymous: someone has reported my ans.....i can't edit

Answered by madhu020404

Advantages of credit are :

* Credit helps to meet the ongoing expenses of production,complete production on time thus increses his earnings

* The person may be better off than before

* It is crucial for countries develoupment

lekshmigouri8281: Thanks

madhu020404: welcome....

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