Economy, asked by shrijachouhan, 1 year ago

where do we say borrower is in debt-trap?

Answers

Answered by depressedgirl

1

debt trap pushes the person into a situation in which recovery is either impossible or slow
when a farmer cultivates a land using loan and when the process didn't bore fruit.it would be difficult for the farmer to repay so she would approach other means for repay like selling the land
debt trap worsens the situation

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