139k views
4 votes
How does the use of credit influence businesses and the economy?

1 Answer

6 votes

Answer:

When consumers and businesses can borrow money, economic transactions can take place efficiently and the economy can grow. Credit allows companies access to tools they need to produce the items we buy. A business that couldn’t borrow might be unable to buy the machines and raw goods or pay the employees it needs to make products and profit.

Step-by-step explanation:

hope this helps if not let me know

User Jason Johnston
by
5.9k points