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What is a black economy?
A black economy is a sector of a nation's economy which is illegally undocumented due to cash payments or tax avoidance.
What does money economy mean?
money economy is all about money u spend and all the money the economy such as cash;coins By:Ayesha
What is cashless economy?
A cashless economy is an economy without cash, it uses digital money instead, transactions are made by digital devices such as mobile phones.
What are the features of cashless economy?
Cashless economy means state of economy in which all transactions are done through non cash medium. For example - Bank transfer, Cheque, card and net banking. Purpose of removing cash in an economy is to check tax evasion. Currently Singapore and Sweden are leading countries which have achieved cashless transaction of upto 60%.
Describe circular flow model of an open economy?
it is a flow of cash between businesses,fims
Define the difference bw cash receipt journal and cash receipt voucher?
Noting
What is a cash economy?
Business done without physical cash, except through digital.
What was the major economy of the southern colonies?
The South was a cash crop economy of cotton and tobacco.
Do people prefer a cash prize vs a trip?
In this economy, definitely a cash prize.
Define Cash Flow Statement?
cash flow statement is statement which shows company cash inflows and outflows from operating, investing and financing activities.
Was the major economy of the southern colonies?
The South was a cash crop economy of cotton and tobacco.
What is a black economy?
A black economy is a sector of a nation's economy which is illegally undocumented due to cash payments or tax avoidance.
What kind of economy did Connecticut have in 1635?
Cash crops
What was the economy for the Colony of Maryland?
Tobacco was the cash crop.
How did cash crops hurt the south's economy?
It took capitalist attention away from southern economy
What does money economy mean?
money economy is all about money u spend and all the money the economy such as cash;coins By:Ayesha
What were the disadvantages of an economy based on one or two cash crops?
The disadvantages of an economy based on one or two cash crops is that if those crops fail, the economy fails. Most countries and areas have quite a few crops they grow which leads to a more stable economy.
