because yes
the effect of black market currency in Nigerian economy
Tax evasion is unfortunately the fuel boosting de black money in Indian economy.
both positive and negative effects were there. It killed economy, but brought social changes.
Economical collapse and trade halt. These were the effects of the Black Death.
Economical collapse and trade halt. These were the effects of the Black Death.
The price of labor greatly increased.Reduced demand for many goods.
People left/died so less people were paying taxes. Which made their economy go down.
Underground economy can bring a competitive power to economy, it increases the employment, and providing resource to official/formal economy. those are some positive side of black market. on the other hand, some of the negative effects in economy are:the growth of black market means shrinkage of formal economy and it causes tax losses.it brings unfair competition.it causes unreliable statistical data.
A black economy is a sector of a nation's economy which is illegally undocumented due to cash payments or tax avoidance.
Black money creates a false sense of prosperity as spending increases. In reality the money is produced by crime and can't be applied to help the economy at large.
Black Death almost killed half of Europe's population. It broke Europe economically and socially.