Thursday, March 4, 2010

Black Economy in Sri Lanka!!!!!!

The word "Black Economy" is meant to be the informal economical transactions which are not written down in any Economical report or Bank report.These transactions are not reveled to the public mainly because they are unethical and against the laws. The people who do all these restricted things are mostly powered or supported by the ministers,so that they don't face any sort of trouble in this field.

Even though the Black Economical trade is forbidden by law; it exists very successfully day by day getting more stronger because of the influential people who rules and controls this market,but still there are benefits of these Black Economical transactions,such as a solution for the unemployment in the country.
These transactions add an unexpected amount of money to a country's economical system; as a result of this,a country would face numerous problems such as INFLATION! This can be very harmful to a country in long term basis.
Even though it is good for a particullar group of people(for a short time)and solves the problem of unemployment;it also can collaps the wole Eoconomy in no time.

2 comments:

  1. I dont see how inflation fits into this...... Please explain(although everything else seems to be fine)

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