Economy, asked by nigamvikanshi7192, 5 months ago

What is deft trapped ? Explain with examples

Answers

Answered by Anonymous

Answer:

It is the situation when borrower is unable to pay previous loan and he takes new loan. This is called Debt Trap.

Ex= Ram has taken loan to pay fee of his son and he is unable to pay that loan and takes 2nd loan to pay fee. In situation of debt trap, recovery from loan is very painful.

hope it helps you

please mark me as brainlist please

Previous Question

Next Question

Similar questions

English, 2 months ago

* Describe the stalking posture adopted by Timothy...

Math, 2 months ago

A box contains 40kg 275g of wheat. From this box 22 kg 540g of wheat is taken out. How much quantity of wheat is left in the box?

Science, 2 months ago

Magnetic permeability has units as * 4 points (a) Wb / m2 (b) Wb / A.m (c) A / m (d) Tesla / m ...

Math, 5 months ago

What is the distance of point (_3,5)from x_axis and y_axis respectively...

History, 5 months ago

Which statement is NOT true about Ellis Island? A. It was a large island off the coast of Boston. B. It was the first stop for many immigrants to America during the 1800s. C. It was a small island with several buildings. D. It was usually visited by third-class and steerage-class passengers.

Biology, 10 months ago

What is corpus luteum?

Social Sciences, 10 months ago

explain the pace of industrial change...

History, 10 months ago

who was dendrich brandis ?why who was Dietrich Brandis why was invited to India what was his contribution...