wiz-icon
MyQuestionIcon
MyQuestionIcon
3
You visited us 3 times! Enjoying our articles? Unlock Full Access!
Question

Why should credit at reasonable rates be available for all?


Open in App
Solution

It would result in more sales if credit were available at a fair rate, and many individuals also could borrow for a range of needs, including crop production, setting up smaller companies, businesses, and so on. Credit at a fair rate would therefore be useful in a country’s development phase.


flag
Suggest Corrections
thumbs-up
97
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Qualitative Instruments
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon