Social Sciences, asked by aayush7129, 10 months ago

What is credit write it's importan

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Answered by najjanajja
1

Answer:

A credit refers to an agreement under which goods and services, or money is exchange against a promise to pay it later. Its importance is

*it plays a unique role in a country's economic development

*its needed by all three sectors of an economy

*in urban areas its used by big business men or small manufacturers to expand their business or to bring in new technology or diversifying their business

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