what is the 'black economy? 150 words
Answers
Answer:
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.
Answer:
Black economy is a thing which generate from the illegal works and black money. internationally the black economy is also variously referred to as the underground economy, the 'shadow economy' or simply as the illegal economy. This part of the economy comprises the set of activities which generate black money or the activities into which the legal- turned-illegal money flows. the black economy is also where the black money is employed in its illegal activities. The black economy is done by corrupt people.
Explanation:
The economy of our country it's so initial but if it's a black so it's totally effects on our social social progress and the illegal works with generate black economy its bad for us..
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