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Why are credit a crucial element in the economic development?

Posted by Lucifer??Morningstar?? . 6 years, 1 month ago

CBSE > Class 10 > Social Science

1 answers

Priyanshu Jain 6 years, 1 month ago

Credit plays an important role in our economy. We have seen that people obtain loan from various sources. The various types of credit can be conveniently grouped as formal sector and informal sector loans. Cheap and affordable credit is crucial for country's development.

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CBSE > Class 10 > Social Science