what is the role, importance the or significance of credit?
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Credit allows companies access to tools they need to produce the items we buy. A business that couldn't borrow might be unable to buy the machines and raw goods or pay the employees it needs to make products and profit. Credit also makes it possible for consumers to purchase things they need.
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Answer:
credit means loan.
The credit provides financial support to the people. It increases income and increases the possibility of gain and profit.
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