Roscas are one of the most commonly found informal financial institutions in the developing world; in the absence of an external (social) sanctioning mechanism, roscas are never sustainable, even if the ..... member is excluded from all future roscas.

Roscas are one of the most commonly found informal financial institutions in the developing world; in the absence of an external (social) sanctioning mechanism, roscas are never sustainable, even if the ..... member is excluded from all future roscas. (*) defacing (*) defeating (*) defecting (*) defining


This is a companion discussion topic for the original entry at https://english.best/questions/9806,roscas-are-one-of-the-most-commonly-found-informal-financial-institutions-in-the-developing-world-in-the-absence-of-an-external-social-sanctioning-mechanism-roscas-are-never-sustainable-even-if-the-___-member-is-excluded-from-all-future-roscas/