The business-owners need both creditors and debtors to function effectively
A guarantees refers to a promise that something will be done or not be done if something happen while Promises does not need something to happen to be done
Usually, the business-owners keeps its borrowers in a cycle of debt because they act as a good cash-flow which is a features of good business and it is necessary because of the benefit from interest accruals
In conclusion, the business-owners need both creditors and debtors to function effectively.
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