Social Sciences, asked by falakkhanna, 9 months ago

which source formal and informal better ?why ?

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Answered by mohinijadhav1113

Answer:Formal sources usually charges lower rates of interest whereas in informal sources they charge much higher rates of interest. The main motive of formal sources is social welfare whereas the main motive of informal sources is profit-making.

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which source formal and informal better ?why ?​

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which source formal and informal better ?why ?