Economics
Fill the following table.
| Salim | Swapna | |
|---|---|---|
| Why did they need credit? | ||
| What was the risk? | ||
| What was the outcome? |
Money & Credit
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Answer
| Salim | Swapna | |
|---|---|---|
| Why did they need credit? | To cover the cost of manufacturing shoes | For cultivation |
| What was the risk? | If he couldn't complete the order on time | If crop fails |
| What was the outcome? | He completed the order on time, earned profit and paid the debt. | Crop failed, she took another loan and had to sell a part of land to pay back the original loan. |
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Related Questions
Tick the correct answer. After the transaction between Salim and Prem,
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- Salim's balance in his bank account decreases and Prem’s balance increases.
- Salim's balance in his bank account increases and Prem’s balance decreases.
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