What are the effects of black money on economy

1.	What are the effects of black money on economy
Answer» EXPLANATION: Growth of the black economy CAUSES regressive distribution of INCOME in the society. When the black money grows faster, rich becomes richer and the poor become POORER. By WAY of concentration of income and wealth in few hands, the black money widens the gap between the rich and the poor.

Answer»

Growth of the black economy CAUSES regressive distribution of INCOME in the society. When the black money grows faster, rich becomes richer and the poor become POORER. By WAY of concentration of income and wealth in few hands, the black money widens the gap between the rich and the poor.

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What are the effects of black money on economy

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