Social Sciences, asked by UNITEDSTATES7, 10 months ago

WHAT IS DEBT TRAP ?

HOW IS CREDIT USEFUL IN THE MODERN ECONOMY ?

Answers

Answered by riyadahiya89362

3

it's a situation in which person is not able to return borrowed money and falls in a situation from which recovery is difficult ,is called debt trap.

credit has both positive and negative impacts

credit help in the development of the country

mark it as brainlist

Previous Question

Next Question

Similar questions

Math, 5 months ago

A jet of water of diameter 80 mm moving with a velocity of 35 m/s strikes a fixed plate in such a way that the angle between the jet and plate is 55°. Find the force exerted by the jet on the plate (i) in the direction normal to the plate and (ii) in the direction of the jet...

Physics, 5 months ago

1. A piece of wire of resistance Ris cut into five equal parts. These parts are then connected in parallel. If the equivalent resistance of this combination is R. then the ratio R/R'is (a) 1/25 (b) 1/5 2. Which of the following terms does not represent electrical power in a circuit? (c) 5 (d) 25 (a) FR (b) IR (c) VI (d) V/R 3. An electric bulb is rated 220 V and 100 W. When it is operated on 110...

Computer Science, 5 months ago

2. What kind of an operating system is Windows? (a) Multiprocessing (b) Multitasking (c)multithreading (d) all of these ...

Math, 10 months ago

Find the principal, which amounts to Rs. 898.88 after 2 years at the rate of 6% p.a. interest compounded annually...

Biology, 10 months ago

what is mensuration.Any other name also...

English, 11 months ago

A rectangular field has a perimeter of 100 m the length of the field is 10 m more than the breath.find the area of the field...

Hindi, 11 months ago

how to make an advertisement on phone in hindi...

Chemistry, 11 months ago

How would you show that blue copper sulphate crystal contain water of crystlisation...