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Public Debt — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsPublic Debt2 Marks
Question
Differentiate between productive and unproductive debt.
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Answer

Loans taken by the government for developmental work is called productive debt. For example, loans used for construction of irrigation projects.
When the government borrows for non-developmental works (such as war finance) it is called unproductive loan.

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