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.
The importance of national income in the economy is absolutely huge. This determines whether or not there is money that can be spent.
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 different about interest rates, or price of credit, from other prices 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.
chanism
what are the importance of community service to nigeria economy
The importance of national income in the economy is absolutely huge. This determines whether or not there is money that can be spent.
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.
importance or need of information technology
economy
CREDIT
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.
Credit is a type of money in the economy. It is a form of temporary currency that is used to buy goods and services.
what is different about interest rates, or price of credit, from other prices in the economy
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.
Absolutely vital
chanism