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Q.

[[1]] plays an important role in the economic development of the country.


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Detailed Solution

Credit plays a vital role in the economic development of the country.
Banks provide credit to the developing industries, which gives these industries the chance to improve in terms of employment, production, and profits. When they have credit, they will invest it in their business, increasing the production of goods and more profits. More production will lead to the economic development of the country.
 
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