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Cheewy Cheewy
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6 years ago
The traditional view of credit was grounded in
A) principles of Democracy that emphasize equal opportunity for all consumers, and saw debt as a way to level the playing field of consumption.
B) Buddhism, which encourages people to minimize their wants in order to free themselves from the need to use credit.
C) Islamic law which prohibits credit, even at low rates of interest, because it is usurious.
D) Capitalism, which views debt as a legitimate means to create wealth (for the lender)
E) the Protestant work ethic that often regarded debt as sinful.
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The World Economy: Resources, Location, Trade and Development

The World Economy: Resources, Location, Trade and Development


Edition: 5th
Authors:
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entergeozaxentergeozax
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Cheewy Author
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5 years ago
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