q define debtdebttotal amount of money owed by a, Microeconomics

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q define debtdebttotal amount of money owed by a

Q. Define Debt?

Debt:Total amount of money owed by a company, individual or other organization to banks or other lenders is their debt. It represents accumulated total of past borrowing. When it's owed by government, it is known as public debt and it signifies accumulation of past budget deficits.

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