Economy, asked by ScienceLife, 3 months ago

what do you understand by black money?

Answers

Answered by somabiswas44

4

Your answer hope it helps you

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Answered by XxxShivuuxxX

3

Explanation:

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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