cherrymae2019gmaicom cherrymae2019gmaicom
  • 15-09-2021
  • Business
contestada

what is the importance of credit in the economy?

Respuesta :

MagdaRejouis980
MagdaRejouis980 MagdaRejouis980
  • 17-09-2021

Answer:

Credit leads to an increase in spending, thus increasing income levels in the economy. This, in turn, leads to higher GDP (gross domestic product) and thereby faster productivity growth. If credit is used to purchase productive resources, it helps in economic growth and adds to income

Answer Link

Otras preguntas

Compare and contrast the English bill of rights and the mayflower compact
Find the difference between 75.291 an 56,487. Use (only one) distributive, associative, commutative or identity property.
the quotient of 864÷36
what were the most important items for trade during the westward episode?
Find all solutions to z^4-3z^2+4=0
which processes requires hydrolytic enzymes?
What happen to the fall of Rome
$900 for 9 months than for six months
convert: 17 kg = ________ lb a. 37.4 b. 7.73 c. 385 d. 374
Jean Piaget was a A. pediatrician B. factory worker. C. developmental psychologist. D. child care provider.