Increasing interest rates always makes things harder for people. Having a very high interest rate overburden many people because they have to pay a lots of money. having said that, what are some benefits of eliminating the interest-based economy?
What are benefits of interest-free economical system?
- Thread starter Good-Person
- Start date
While borrowers might benefit from interest-free economy, the lender does not benefit from this kind of economic system. If the lender is not receiving interest, why wold he be lending money? Therefore, there will be a lack of funds. When there is no fund, how can the market boom?
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