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why is credit considered the key to economic development?

2007-03-19 21:41:11 · 1 answers · asked by Anonymous in Social Science ➔ Economics

1 answers

Because credit means leverage and you can buy a lot more and finance a lot more for growth with credit.

You can buy money making things with credit and then pay them back with the money you earn.

2007-03-20 05:54:09 · answer #1 · answered by Santa Barbara 7 · 0⤊ 0⤋

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