Unproductive loans are economically justified.
State with reasons whether you agree or disagree with the following statements:
Unproductive loans are economically justified.
14 views
1 Answers
No, I do not agree with the statement.
- Productive loans are economically justified as they are used for production purposes.
- Unproductive loans are used for personal consumption and are not related to productive activity.
- Eg. loans for expenditure on marriages or religious ceremonies.
- Thus, unproductive loans are not economically justified.
14 views
Answered