Economy, asked by rithik5, 1 year ago

what do you mean by debt trap

Answers

Answered by faisal31
4
A situation in which a debt is difficult or impossible to repay, typically because high interest payments prevent repayment of the principal.
Answered by vanshugalhotra
0
A situation in which a person/state/country is unable to pay debt/करजा and getting under more debt by huge interest/वयाज is called debt trap
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