Economy, asked by manpreetkaur83, 9 months ago

what is the debt trap?​

Answers

Answered by KingsleyRockz
3

Answer:

if someone give asks for money from a moneylender and can't return it. So the debt and interest cycle continues year after year

Answered by Aastha6878
15

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Debt trap is a situation in which a borrower is led into a cycle of re-borrowing, or rolling over, their loan payments because they are unable to afford the scheduled payments on the principal of a loan.

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