Question

Why is cheap and affordable credit important for economic development explain with any 3 reasons?

Answer 1

Hey bro,

Cheap and affordable credit is important because

1) It can be given to the poorer people who are in need of money.

2) It reduces the chance of debt and debt trap.

3) It would lead to higher income because otherwise most of the income would go to the loan.

Source : Economics book page 45

Hope you get it bro and please mark it as the brainliest.

Answer 2

Explanation:

helppppppppppp to your