why is cheap and affordable credit important for country's development? explain any three reasons
Answers
Cheap and affordable credit is important for country's development since credit facilitates the running of the governments projects and initiating others which may have stalled due to deficits in the budget. Being cheap and affordable ensures that the government will attain gains from investing it since the economy can withstand the interests accrued and the payment mode.
tho
cheap and affordable credit play a crucial role for the country s development.
1). credit help people to meet the on going expense of production and thereby develop their business in agriculture and industrial areas
2). for middle class people, loan help a lot In constructing their house and to get rid of monthly rent
3). it raise the standard of living and social status of the common may by enabling them to buy automobile, electronic items etc.