Economy, asked by keahav2005, 1 year ago

what is dept trap ?when the person is suffering in dept trap

Answers

Answered by amaan60
9
Dept trap is a trap in which mostly farmers fell up because of the reason that they fetch loan from non-cooperative agency (with some collateral) and if they are unable to fill it up in time because of some disaster they will have to pay more because of interest on the loan and hence they had to pay more and more
This is called dept trap.
The person suffers from dept trap usually when he/she take loans from non-cooperative agency
Answered by mangatrompreet
3

Answer:

trap is a device which is placed somewhere or a hole which is dug somewhere in order to catch animals or birds. Please mark as brainliest a

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