In developed industries,the interest rate tends to be lower than in newer industries.What could explain this?

Question

Quizplus · Accepted Answer

Greater demand for loans in the new industry can lead to higher interest rates there. New industries often require significant capital to grow and establish themselves, leading to a higher demand for loans. This increased demand can drive up interest rates in newer industries compared to more developed ones, where businesses might not need to borrow as much due to established operations and cash flows.

In Developed Industries,the Interest Rate Tends to Be Lower Than