Question

briefly explain what the black & white streams are in an economy​

Answer 1

Answer:)

The black economy is a segment of a country's economic activity that is derived from sources that fall outside of the country's rules and regulations regarding commerce. The activities can be either legal or illegal depending on what goods and/or services are involved.

BREAKING DOWN Black Economy

People operate in black economies in order to trade contraband, avoid taxes and regulations, or skirt price controls or rationing. Typically, black markets arise when a government restricts economic activity for particular goods and services, either by making the transaction illegal or by taxing the item so much that it becomes cost-prohibitive.

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