In the absence of the concept of credit, an economy may encounter several adverse economic implications:

1. Reduced Investment: Without credit, businesses and individuals struggle to invest in ventures, impacting economic growth.
2. Limited Entrepreneurship: Lack of access to credit impedes aspiring entrepreneurs, stifling innovation and job creation.
3. Curtailed Consumption: People may be unable to afford major purchases, affecting overall consumption and demand.
4. Agricultural Constraints: Farmers face challenges in obtaining funds for seeds, equipment, and modern farming practices, affecting agricultural productivity.
5. Stagnated Economic Growth: Industries may face limitations in expansion or modernization, hampering economic diversification.
6. Widening Inequality: The absence of credit access exacerbates economic disparities, affecting marginalized communities disproportionately.

Overall, the absence of credit hampers economic progress, innovation, and societal development within an economy.