Question

what is credit why is credit why is it important in developing economic activity of a country

Answer 1

Credit means to take commodities in the present time itself. It means to pay the money at time.

Well, credit money plays an important role in developing economic activity of a country. It helps every person to go cashless and promote digitalization of the country. If a country is adopting cashless procedure then it is a very good method to bridge the difference between the digital divide peoples. Since a non cashless procedure slows the process of developing of the economic activity therefore credit is important...