A Comprehensive Report on Black Market Liabilities: Impact Analysis

This report provides an in-depth analysis of black market liabilities, focusing on their causes, consequences, and social impact. It identifies large public expenditure, redundant control measures, and faulty taxation as primary causes. The consequences include wastage of resources, low money circulation, and rising economic ill-effects, leading to issues such as a high-income gap and constraints on government spending. Socially, black market liabilities result in a decline in social development, a rise in corruption, and increased poverty and unemployment. The report also touches upon the PEST (Political, Economic, Social, Technological) aspects of black market liabilities, highlighting the negative impact on countries' economies, companies' financial performance, cash flow, and ethical operations. The report concludes by referencing several sources that discuss the black economy in various countries.

Black Market Liabilities

Introduction
The assessment mainly focuses on identifying the
• Causes
• Issues
• Social Impact
• PEST Concept

Causes of Black Market Liabilities
The different causes for the generation of black market, which relatively destroys
economics and hampers growth prospects. The main reasons or causes for the generation
of black market or black money are depicted as follows.
• Large public expenditure
• Redundant control measures
• Faulty taxation

Consequence of Black Market
There are different consequences that could arise from the creation of Black Money a
black market within an economy. These consequences are depicted as follows.
• Wastage of Resources

Consequence of Black Market
• Low circulation of money

Consequence of Black Market
• Rising Economic ill-effects

Defining the issues rising from Black
Market Liabilities
The major issues that arise from black market Is the economic downfall which occurs on
a country. The issues are listed as below.
• High income gap
• Constraint to government spending

Defining the issues rising from Black
Market Liabilities
Elaboration on further Major issues that arising from black market
• Declining economy
• Increase in unemployment

Depicting the social impact of Black
Market Liabilities
Different social impact that occur due to back market liabilities, which relatively destroys
an economy and hampers its progress. The negative social impact by black market
liabilities are depicted as follows.
• Decline in social development
• Rise in corruption

Depicting the social impact of Black
Market Liabilities
The further evaluation of negative social impact by black market liabilities are
• Rise in poverty and unemployment

PEST concept of Black Market
Liabilities
• Political
• Economic

PEST concept of Black Market
Liabilities
• Social
• Technological