Why is credit a official element in the economic development – InterviewSolution

1.	Why is credit a official element in the economic development
Answer» Credit MEANS giving or taking money as debenture . yes , credit is a official element bin the economy development . CAUSE we can take money from someone on credit and REPAY. him/her after SOMETIME and do our work without any deficiency of money . so , we can SAY that credit is an official element in the economic development .. hope it helps

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