What are the similarities between private debts and public debts?
Similarities between public and private debts are:
- Both the government and individuals take loans to bridge the gap between income and expenditure for their day-to-day activities.
- They take loans for specific periods at a fixed rate of interest.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
You have rated this answer /10
- Biology Question Answers for ICSE Class 10
- Chemistry Question Answers for ICSE Class 10
- Economics Question Answers for ICSE Class 10
- Economics Applications Question Answers for ICSE Class 10
- English Question Answers for ICSE Class 10
- GK Question Answers for ICSE Class 10
- Hindi Question Answers for ICSE Class 10
- Mathematics Question Answers for ICSE Class 10
- Physics Question Answers for ICSE Class 10
- Science Question Answers for ICSE Class 10
- Social Studies Question Answers for ICSE Class 10