Question

what is affect my of black money on our economy

Answer 1

Hello Friend..............

Here is your answer..............

Black money affect our economy by following reasons:

• Dual Economy
• Under-estimation
• Loss of Revenue to the Government
• Undermining the Equity
• Widening the Gap between the Rich and the Poor
• Lavish Consumption Spending
• Distortion of Production Pattern
• Distribution of Scarce Resources
• Deteriorate the General Moral Standards of the Society
• Average Effect on Production