What is credit p how does credit play a vital and positive role ?Explain with an example?
Answers
Answered by
3
Hey there,
Credit is a crucial element in the economic development. Cheap and affordable credit plays a crucial role for the country’s development. Following are the reasons why,
The development of a country is enhanced due to the creation of agricultural/industrial facilities.
It is used by the people belonging to all kinds of backgrounds including employees and employers.
Loans and credits help middle class and lower class people to bring about major changes in their lives such as buying a car, constructing a house and etc.
The standard of living is increased because it enhances the buying power people and therefore directly has a positive impact on the economy.
I hope the answer is helpful.
Thanks
Credit is a crucial element in the economic development. Cheap and affordable credit plays a crucial role for the country’s development. Following are the reasons why,
The development of a country is enhanced due to the creation of agricultural/industrial facilities.
It is used by the people belonging to all kinds of backgrounds including employees and employers.
Loans and credits help middle class and lower class people to bring about major changes in their lives such as buying a car, constructing a house and etc.
The standard of living is increased because it enhances the buying power people and therefore directly has a positive impact on the economy.
I hope the answer is helpful.
Thanks
Answered by
3
Answer:
❤hii friend❤
❤❤this is your answer❤❤
Attachments:
Similar questions