Question

What role does credit play in the modern economy​

Answer 1

Explanation:

Modern economies are often described as “credit-based” economies. ... The availability and the use of credit facilitates the exchange of goods and services, the production processes and the growing importance in all modern economies of financial services. One can hardly visualize a modern economy that works without credit.

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Answer 2

Modern economies are often described as “credit-based” economies. ... The availability and the use of credit facilitates the exchange of goods and services, the production processes and the growing importance in all modern economies of financial services. One can hardly visualize a modern economy that works without credit.