Question

7- Provide examples of economically sound reasons to borrow money and economically

Answer 1

An examples of economically reasons to borrow money purchasing of equipment, office space.

What is a good reason for borrowing money?

Good reason or economical reason to borrow money is one , whereby the borrowed money would be able to generate a return.

This is different from when someone borrow money to buy a fashion clothe that wont generate a return.

Learn more about borrowing of money at;

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