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Formal sources of credit have many disadvantages, as they are manages by banks and cooperatives and have no leeway. Informal sources of credit may be easier to repay, but the loan amounts will be smaller.
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Advantages and disadvantages of formal and informal organization?
What are the advantages and disadvantages of informal organisation
What are the relative advantages and disadvantages of formal and informal communication networks?
disadvantage formal communicative network
What are the terms of formal and informal sources of credit?
Formal source is a Bank loan, Credit Cards. Informal Source - Cash money lent out by Gangsters .
What is informal source of credit?
most loans are taken by poor households in the urban areas are form informal sources ,whereas only one-tenth of the rich take their loans from informal sources.a similar pattern is also found in rural areas
Disadvantages of formal and informal groups?
It really stems down to want you want out of the group, if you prefer a structured programme of events then formal is for you, if you prefer a more ad hoc experience then informal.
What are the advantages and the disadvantages of formal and informal education?
Formal education provides structured learning environments, accredited certifications, and standardized curriculum, ensuring consistency and recognition. However, it can be expensive, rigid, and may not always cater to individual learning styles. Informal education is more flexible, adaptable, and often focuses on practical skills and real-life experiences. Yet, it may lack official recognition, structured progression, and depth of knowledge in certain subjects.
Difference between formal and informal sources of law?
Sources of law can be viewed in two distinct ways, the first is the raw materials from which the law can be made and the second is the complete place were the law can be found. It is under these definitions that we have formal and informal sources of law. A formal source is one which has been created by a formally recognized institution while an informal source is one which is not the making of the formal institution but arises mainly from common practice and accepted pattern. To this end, customs, traditions, religious beliefs are informal while international law is a formal source. This is in relation to it being a raw material. With respect to the complete source customs, religious beliefs are informal while statutes, judicial precedents are formal.
Is the international red cross a formal or informal group?
it is an informal group
What are the advantages and disadvantages of an Informal group?
what are the disadvantages of informal group
Formal and informal comunication?
formal is the cinema and informal is a gay man
Is blare informal or formal?
informal
Is adios formal or informal?
It's both formal and informal. It depends on how you say it. If you say "Adiós, señora." it's formal. If you say "Adiós, amigo." it's informal.
