what is a dept trap? mention any two factors responsible for the dept trapped
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A situation in which a debt is difficult or impossible to repay, typically because high interest payments prevent repayment of the principal. An incentive structure that lures individuals into accepting long-term debt obligations under conditions that strongly favor the lender.
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dept trap is a situation in which a debt is difficult or impossible to repay, typically because high interest payments prevent repayment of the principal.
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