why do we need the cheap and affordable credit for country's economic development ?
Attachments:
Answers
Answered by
3
Answer:
Cheap and affordable credit is important for the country’s development because of the following reasons:
(i) This would lead to higher incomes and many people could then borrow cheaply for a variety of needs.
(ii) They could grow crops, do business, set up small scale industries etc.
(iii) They could set up new industries or trade in good. All these lead to the country’s development.
THANK YOU
Similar questions