What is meant by a debt trap?
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when we take any loan of higher cost and not able to pay it
then we take another loan to do our work .
I this we get into a debt trap.
farmers mainly face this type of problem
then we take another loan to do our work .
I this we get into a debt trap.
farmers mainly face this type of problem
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Answer:
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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