Ashford ECO 406: Week 3 – DQ 2 – Credit Rationing
1st Posting Due by Day 3. Credit Rationing. Analyze the role of credit rationing in both a developed country and a less-developed country. How does the role of credit rationing influence economic growth and employment in these two countries? Respond to at least two of your classmates’ postings.
Credit rationing has got financial implications both for a developing country and a developed country. Credit rationing is normally done to control the amount of money people can access with a credit card. That is, it has limits that an individual person is allowed to access.
This limiting or rationing has effects that are either positive or negative to any country. For a developing country, it will help the in financing people’s need while limiting to a certain amount that would course a crisis in the economy of a country…