Answer:
(D) The former were built mostly by the government and not for profit.
Explanation:
The new towns in Europe that are referred to in the question are a result of the so-called "New towns movement", which consists of a program planned and executed by European governments as an effort to remedy overcrowding and congestion in large, industrialized cities (such as London). This plan took place after World War II, and it provided settlement for scattered citizens after the conflict.
Citizens who were benefited by the New towns movement were put back to economic stability thanks to their new free-of-charge homes.
A proper credit policy plays a crucial role in sustaining development. When banks give out loans, business houses have credit to increase production which leads to increased employment and profits. Loans from informal sector have a high rate of interest and they do more harm than good. There is a need to increase loans from formal sector to avoid exploitation of borrowers by moneylenders. Tis will lead to more systematic disbursal of loans to people who would be capable of paying off the loan and contribute to national development.
