Question

What is the role of credit in urban economy?
NCERT ECONMICS CHAP 3 MONEY AND CREDIT

Answer 1

CREDIT PLAYS A CRUCIAL ROLE IN A COUNTRY DEVELOPMENT . IT SANCTIONS LOANS TO DEVELOPING INDUSTRIES . CREDIT MAKES POSSIBLE THE ENTRANCE OF NEW TALENT IN THE BUSINESS ENTERPRISE.

Answer 2

hey dear ,

Credit plays a crucial role in a country's development. it helps in increasing economic activities of the country..Credit is the most important part of the economy.Credit leads to an increase in spending, thus increasing income levels in the economy. This in turn leads to higher GDP and thereby faster productivity growth. If credit is used to purchase productive resources and it helps in economic growth and adds to income.

HOPE YOU GOT IT

KEEPING HELPING

THANK YOU