Why do small farmers need to borrow money from the traders? Explain in two points.
Answers
Answered by
3
Answer:
Explanation: Small farmers have to borrow money from traders and big farmers because these are the main money lenders in a village. The traders have enough money earned from trading activities and the large farmers receive good income from the cultivation of their large land holdings.
Answered by
3
Answer:
Most small farmers have to borrow money to arrange for the capital. They borrow from large farmers or the village moneylenders or the traders who supply various inputs for cultivation. The rate of interest on such loans is very high. They are put to great distress to repay the loan.
Similar questions