Credit can become harmful when high interest rates and strict repayment conditions make it difficult for the borrower to repay on time. This leads to increasing debt, pressure from lenders and a painful financial situation that becomes very hard to ...
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High interest rates can make loan repayment exceed a borrower’s income, creating rising debt and a debt trap. Many avoid starting enterprises due to costly loans. Hence, banks and cooperatives must lend more so people can access cheaper credit and ...
Democracy is the best form of government because it gives people the right to choose their leaders, ensures equality, protects freedoms and promotes accountability. It allows peaceful change of power and respects citizens’ voices in decision-making.
Intensive subsistence farming uses small landholdings, family labour, traditional tools and aims mainly at fulfilling household needs. Commercial farming uses large farms, machines, modern technology, high-yield varieties and focuses on producing crops for the market and earning profit.
Napoleon, though a monarch, spread nationalist and revolutionary ideals across Europe. His Napoleonic Code of 1804 abolished privileges by birth, ensured equality before law, protected property rights, ended feudalism, simplified administration and introduced uniform laws, weights and measures to promote ...