what is state credit
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state credit :
state credit is the credit which is due the attraction between two atoms in the substance of which the state of the substance is formed.
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State credit is one of the forms for the movement of loan capital. In contrast to other forms of capitalist credit, which are related to one degree or another with the processes of the production and sale of goods, state credit serves as a means for attracting monetary resources primarily for nonproduc-tion purposes, that is, for the military expenditures of a state, the running of the administrative and police systems, and the direct and indirect subsidizing of the capitalists.
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