Social Sciences, asked by poojasuba8769, 1 year ago

What do you mean by negative role of credit

Answers

Answered by mockingjay1
1
this means that credit, as is commonly misunderstood as a good factor, may play a negative role and can condemn many poor people...farmers, traders etc. take credit in the form of loans etc in the hope of getting better dividends...but if there is a poor harvest or if something goes wrong, they have to pay up which is very tough..they may even take loans to recover and slowly get trapped in debt...
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