Question

what are the effects of black money on economy

Answer 1

Explanation:

Growth of the black economy causes regressive distribution of income in the society. When the black money grows faster, rich becomes richer and the poor become poorer. By way of concentration of income and wealth in few hands, the black money widens the gap between the rich and the poor.

Answer 2

Answer:

Growth of the black economy causes regressive distribution of income in the society . when the black money grow faster rich becomes richer and poor becomes poorer . by way of concentration of income and wealth in few hands the Black money widens the gap the rich and the poor