<span>Low interest rates are good for the economy because more people will be able to afford payments. They can then get mortgages and credit cards which means more money is spent in the economy. It also lets people own more things they need instead of having to save up for a long time.</span>
The action being shown in the scenario given above is called
political patronage. This is a reward given to an individual when they were
able to obtain a prestige or benefits when the individual has served or given a
favor to an official and because of that, they are likely to be offered with a
reward.
Enclave identifies a place with a high concentration of an ethnic group distinct from those living in the surrounding area
<h3> What is an enclave?</h3>
An enclave is a place that is surrounded by another place territory.
- Enclave are usually seperated geographically from the other territory sorrounding them.
- Enclave people are of the same ethnic group
- They create their market which is specific to them and will not require the host country cultural skills.
<h3>What is an ethnic group?
</h3>
An ethnic group is a group of people with shared culture, heritage, language, and beliefs.
Conclusively,Enclave identifies people with different ethnic group from their host commnuity.
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