Question

why we or public needs credit ​

Answer 1

Answer:

When consumers and businesses can borrow money, economic transactions can take place efficiently and the economy can grow. Credit allows companies access to tools they need to produce the items we buy. ... With credit, it's possible to pay over time while accessing essential products and services when you need them.

Answer 2

Credit allows companies access to tools they need to produce the items we buy. A business that couldn't borrow might be unable to buy the machines and raw goods or pay the employees it needs to make products and profit. Credit also makes it possible for consumers to purchase things they need.....✌️❤️✔️