I am trying to understand Debt

I am trying to understand debt. Why do people/companies take debt? I want to get a better understanding of debt before I actually take any debt.

I want to find out if the debt can ever be productive or if all debt is destructive. I feel like debt can be both but, I want to find a deeper understanding of debt. If you have any clues to help me better understand debt and how debt works. Comment below.

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