What are the funds earned in the Black market called as? Define it
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The funds earned in the Black market called as the 'Black Money'.
A black market, underground economy or shadow economy, is a clandestine market or series of transactions that has some aspect of illegality or is characterized by some form of noncompliant behavior with an institutional set of rules. This is called Black Money.
In its simplest form, black money is money on which tax is not paid to the government. ... The portion of a country's income tied to black money affects the economic growth of the country. Black money causes financial leakage, as unreported income that is not taxed causes the government to lose revenue.
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