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grey market
(redirected from Grey economy)

    Also found in: Wikipedia 0.01 sec.
grey market
n
1. (Business / Commerce) a system involving the secret but not illegal sale of goods at excessive prices Compare black market
2. (Economics, Accounting & Finance / Stock Exchange) Stock Exchange a market in the shares of a new issue, in which market makers deal with investors who have applied for shares but not yet received an allotment
3. (Economics) the market for goods and services created by older people with a comfortable disposable income and increased opportunities for spending it
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.grey market - an unofficial market in which goods are bought and sold at prices lower than the official price set by a regulatory agency
gray market
market, marketplace, market place - the world of commercial activity where goods and services are bought and sold; "without competition there would be no market"; "they were driven from the marketplace"
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Public Revenue Office Director Goran Trajkovski said the scope of the grey economy is 35-40 percent and stressed that 98 percent of the claims for VAT refund are being realized within the legally prescribed period.
PRO: Macedonia has grey economy of as much as 40% by INFOMAC Daily News Service
In an interview with Focus news agency, Tonchev said that the Tourism Act has to be re-examined and re-evaluated, and the long-term strategy for tourism development has to be re-assessed, if the sector's grey economy is to be successfully tackled and controlled.
Grey tourism by The Sofia Echo (Sofia, Bulgaria)
And as I reach the hotel, through the leafy cobbled streets and cafE[umlaut]s of downtown Sofia, it truly feels like a European capital, but the headline in the local paper in tells me the grey economy accounts for at least 37 per cent of GDP.
The slow train to Sofia.. by Cyprus Mail (Cyprus)
 
 
 
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