A situation where public debt and interest thereon rise automatically, placing pressure on non-interest government spending and threatens the nature of government as it is currently constituted.
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Debt Trap is a situation where you add on a new debt in order to pay an existing debt. Generally, when the firm in overlevereged all the credit sources are exhausted, firm arrives at a situation of debt trap.
Debt trap refers to a situation gives you a debt to take advantage of your situation.
Definition home economics education?
Debt Trap is a situation where you add on a new debt in order to pay an existing debt. Generally, when the firm or an individual is over leveraged all the credit sources are exhausted, the firm or individual arrives at a situation of debt trap.
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