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21. Explain the role of education and health in the overall development of a country. 22. Why are formal sources of credit preferred over the informal sources of credit? Givet |
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Answer» tion:21 Answer. Education is an important input for the growth of an individual.It plays a major role in CAPITAL formation, that adds to the productive part of the country.It helps a PERSON to realize his POTENTIAL and the ability to do a work. Educated people gain through higheranswer 22Formal sources of credit preferred over Informal sources of credit because: i. Formal sources have low cost of borrowing ii. HIGHER Income through cheap borrowing iii.No EXPLOITATION and debt trap.please mark me brainliest |
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