Question

which law was enacted to check speculative tradind hoarding and profiteering​

Answer 1

Answer:

The meaning of term “Black Marketing” is an illegal transaction of distribution and production of the goods and services, which are prohibited by law such as – drug trade, prostitution, illegal currency transactions, human trafficking etc. The purpose behind these transactions is generally to evade the tax levied by government of country. These kind of transactions usually done through cash only so that they can hide from the eyes of government. These kind of transactions also leads to money laundering. The people find this way easy to earn more money within less time period. The “Black Market” can be identified by four kinds of economy