The conversation between human and AI assistant.
How does unaccounted/black money affect a country's economy?
That makes sense. Also, you mentioned that black money can increase corruption. Can you explain why?
Yes, of course! Black money creates an environment of secrecy and anonymity, making it easier for individuals to receive or give bribes without being caught. This can, in turn, increase corruption and undermine the rule of law, which can ultimately harm the economy.