Question

write down the measures to control black market

short points needed​

Answer 1

Explanation:

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Answer 2

Some important steps to be undertaken to control black market hour strict policy-making, creating general awareness, regular inspections of the market, etc.

Explanation:

• Black market is one of the most serious problems faced by almost all the economies around the world.
• The black market not only affects the efficient functioning of the market but also the prices of the products which could lead to inflation or manipulative price changes.
• To control black marketing, general awareness should be promoted among the consumers.
• The law violators should be heavily penalised.
• Regular inspections of the market by authorities should be done.