What are the positive and negative effects of credit.
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Answered by
7
U can get the capital for the work you wanted to do. Now there can two results:
POSITIVE- It can leave you better than before and you will have much more funds than earlier
NEGATIVE- It can leave you worse off or you might fall in debt trap
POSITIVE- It can leave you better than before and you will have much more funds than earlier
NEGATIVE- It can leave you worse off or you might fall in debt trap
Ghoshda:
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Answered by
10
posetive:
1.to meet working capital need of production.
2.complete production on time.
3.on going expenses of production.
Negative.:
credit instead of helping borrower worse off. this is what we call as debt trap.
1.to meet working capital need of production.
2.complete production on time.
3.on going expenses of production.
Negative.:
credit instead of helping borrower worse off. this is what we call as debt trap.
I liked your answer too much. Thank you very much for your help.
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