Economy, asked by Configuration, 1 year ago

What is debt trap? How does it lead to bonded labour?
(Class IX - Economics)

Answers

Answered by Shanaya90
1
Debt trap is a situation where you add on a new debt in order to pay an existing debt.Generally,when the firm is over leveraged,all the credit sources are exhausted,firm arrives at the situation of a debt trap
Configuration: Pls also tell how it leads to bonded labor?
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