Home » Tags » Access to credit
Access to credit
How Does Credit Availability Influence Investment and Consumption?
November 21, 2023
What impact does access to credit have on economic growth?
Access to credit can significantly impact economic growth by facilitating investment and consumption. When individuals and businesses have easier access to credit, they can invest in productive activities, expand businesses, and purchase goods and services, thus stimulating economic growth. However, excessive credit availability can lead to financial instability if not managed prudently.
Tags : Access to Credit , Investment , Consumption , Economic Growth