with the help of an example can you explain role of credit for development
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with the help of an example can you explain role of credit for development
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Answer:
HERE IS YOUR ANSWER DEAR..
Explanation:
1. Credit meets the working capital for production.
2. Credit helps the producers to meet the ongoing expenses of production.
3.Farmers and industrialists need credit to expand their business and to purchase new tools and equipments.
4. With the help of credit a person can purchase a house, bike, car and other house hold implements.