0
Credit enables the individuals and firms to purchase the important inputs for the production. Generally one businessman has not sufficient amount for the business. So credit is very useful for the business.
Wiki User
∙ 11y ago
Wiki User
∙ 16y agoWhat role of crite in an economy
Add your answer:
Earn +20 pts
What are the importance of national income in the economy?
The importance of national income in the economy is absolutely huge. This determines whether or not there is money that can be spent.
Importance of price mechanism to the economy?
chanism
What is the importance of fish in an economy?
we sell them ddduuuuuuuuuuhhhhhhhh
How does credit make the economy grow include circular flow?
The monetary flow in a given economy as a result of the access to the credit makes the economy grow which includes the circular flow.
Is a credit card a type of money in the economy?
Credit is a type of money in the economy. It is a form of temporary currency that is used to buy goods and services.
The importance of community service in the Nigeria economy?
what are the importance of community service to nigeria economy
What are the importance of national income in the economy?
The importance of national income in the economy is absolutely huge. This determines whether or not there is money that can be spent.
What is importance of IT industry in Indian Economy?
importance or need of information technology
What is the economic importance of the tiger?
economy
What do you know by bank .explain functions and importance of bank?
A Bank is an institution that serves as the financial intermediary in the economy. They are responsible for cash flow within the nation's economy. Their main functions include:Accepting DepositsLending LoansProviding Bank AccountsProviding Credit Cardsetc.
What does the economy need to improve on?
CREDIT
Importance of price mechanism to the economy?
chanism
What is the importance of tourism to the Bahamas?
Stimilation of their economy.
Importance of electricity in economy?
Absolutely vital
What is the importance of fish in an economy?
we sell them ddduuuuuuuuuuhhhhhhhh
How does credit make the economy grow include circular flow?
The monetary flow in a given economy as a result of the access to the credit makes the economy grow which includes the circular flow.
What is the importance of credit management?
Credit management is vitally importance for a successful financial future. Good credit can ensure better loan terms, higher credit limits, and greater availability to financial products.
