Answer:
The two categories of sources of credit are formal and informal sources.
Explanation:
The formal source of credit as the name implies is an official means of obtaining loans. Its features include,
1. It is administered by corporate institutions like banks and other lending bodies.
2. It is regulated by a body in the relevant country.
3. There are recognized and standard interest rates that must be paid by the borrower.
4. It is guided by laws which both parties are expected to keep.
The Informal sources of credit are unofficial means of borrowing funds There features include,
1. They can be obtained from friends, relatives, and acquaintances.
2. There are no standard interest rates as these are determined by the lenders.
3. There are no official bodies to regulate the lending process.
4. They are mostly used by poor businessmen and women who need small loans.
The correct answer is “Like Plato, Aristotle, wrote extensively on the subjects of tyranny and the rule of law.”
Here the author is saying that Plato and Aristotle both had views on tyranny, politics and government and that they both believed that the rule of laws are needed to protect against tyranny.
Answer:go to Google
Explanation they have all die why you care
Answer:
China's economy is a lot bigger, and a lot more complex, than UAE's economy. China is an industrial powerhouse with over 1 billion people, and for this reason, China's imports and exports are very diverse. Exports are mostly manufactured goods like electronic components, appliances, automobiles, etc. While imports are also mostly manufactured goods, but also many raw materials like oil, natural gas, and copper.
UAE's economy is smaller and more simple. Exports are mainly oil, and also pearls, while imports are mainly manufactured goods, but also agricultural goods, due to the lack of arable land in UAE (Almost the entire country is a desert).
