why is credit a official element in the economic development
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credit means giving or taking money as debenture . yes , credit is a official element bin the economy development .
cause we can take money from someone on credit and repay. him/her after sometime and do our work without any deficiency of money . so , we can say that credit is an official element in the economic development ..
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cause we can take money from someone on credit and repay. him/her after sometime and do our work without any deficiency of money . so , we can say that credit is an official element in the economic development ..
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From a policy perspective, economic development can be defined as efforts that seek to improve the economic well-being and quality of life for a community by creating and/or retaining jobs and supporting or growing incomes and the tax base.
Economic development is the growth of the standard of living of a nations people from a low-income (poor) economy to a high-income (rich) economy. When the local quality of life is improved, there is more economic development. When social scientists study economic development, they look at a lot of things.
The financial system plays a critical role in the economy. It enables the financialintermediation process which facilitates the flow of funds between savers and borrowers, thus ensuring that financial resources are allocated efficiently towards promoting economic growth and development.
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From a policy perspective, economic development can be defined as efforts that seek to improve the economic well-being and quality of life for a community by creating and/or retaining jobs and supporting or growing incomes and the tax base.
Economic development is the growth of the standard of living of a nations people from a low-income (poor) economy to a high-income (rich) economy. When the local quality of life is improved, there is more economic development. When social scientists study economic development, they look at a lot of things.
The financial system plays a critical role in the economy. It enables the financialintermediation process which facilitates the flow of funds between savers and borrowers, thus ensuring that financial resources are allocated efficiently towards promoting economic growth and development.
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