Economy, asked by ips541, 1 year ago

what is debt trap ? ?

Answers

Answered by keshav5060
27
it is a trap in which a needy person borrow money from a monylender and when he can't able to return the money with interest and the amount increase rapidly . this is known as debt trap
Answered by krystalmalave1pd5d2p
16

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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