Question

Why forml sources of credit is appreciate for generating economic growth ? For 0?

Answer 1

Heya....

Formal source of credit are....

Banks...

Govt financial institution ....

These are the appreciate for generating income...

"" They gives loans to required people at low interest rate....

"" No any other type of burden creation...

"" Induces to invest in business..

All these factors help to generating income by investing more in our existing business that leads to high production and it raise the economic growth...

-- Be Brainly...

Answer 2

Hello....>>>
Here is your answer>>>

The simple response is that well-developed, smoothly operating financial markets play an important role in contributing to the health and efficiency of an economy. There is a strong positive relationship between financial market development and economic growth.
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Hope it helps you...