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Question
Excessive government control and regulation like license systems lead to
Excessive government control and regulation like license systems lead to
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Solution
The correct option is C black money
If taxes are evaded, it means that no tax is paid on that income. Such an income is called black money. Excessive government control and regulation lead to black money. The licence system restricts the growth of businesses and this creates a scarcity of goods. People then sell goods at higher prices, creating black money.
If taxes are evaded, it means that no tax is paid on that income. Such an income is called black money. Excessive government control and regulation lead to black money. The licence system restricts the growth of businesses and this creates a scarcity of goods. People then sell goods at higher prices, creating black money.
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