chapter money and credit the question was like analyse the role of credit for development I was not getting the language of the question I am facing problem in learning the question can you give a easy points to learn it for exam please I really need it
Solution
Credit plays a important role for the development of any economy. It's play a most important role in the business system. Whenever the commercial bank grants loan to the business unit, it will create more employment and generate more production.
More employment means more development of the economy as GDP and living standards of the people rises. In this way, credit play a important role in development.
Note: I hope this clarification clear your doubt
Credit plays a important role for the development of any economy. It's play a most important role in the business system. Whenever the commercial bank grants loan to the business unit, it will create more employment and generate more production.
More employment means more development of the economy as GDP and living standards of the people rises. In this way, credit play a important role in development.
Note: I hope this clarification clear your doubt