Why is there a great demand for loans/credit? (answer for 5 marks)
Answers
Answer:
because we get money from that
Answer:
Explanation:
Loans and credit somewhat both provide money to individual ,firms but they have some differences also great demads for loans and credit in the era globalisation we need investment and the some people's who have skills and with the expansion of education increase in skill level but sometimes they don't have enought money to strat a business so they need credit from banks and other financial institutions 2 with the rise of population and increasing taking risk factor lead to increase the demand of loans 3govt emphasis on promoting stratup India, mudra like scheme which provides loans on concession is also one of the factor