grey market

(redirected from Grey economy)
Also found in: Thesaurus, Financial.
Related to Grey economy: black economy, Informal economy, Gray economy

grey market

or

gray market

n
1. (Commerce) a system involving the secret but not illegal sale of goods at excessive prices. Compare black market
2. (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
ThesaurusAntonymsRelated WordsSynonymsLegend:
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
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"
Translations
References in periodicals archive ?
Kalfin told the Bulgarian National Radio that Sofia would take part in an initiative aimed at fighting the grey economy across the EU by sealing partnerships among labor inspectorates of member states.
The European Bank for Reconstruction and Development has released its latest report on the conditions of running business in Eastern Europe and Central Asia, noting that the biggest obstacle in the work of Macedonian companies is the disloyal competition of the grey economy that operates by avoiding paying contribution and taxes.
2 per cent of Slovenia s GDP, we seek to continue to a better economic situation in Slovenia, said the Slovenian Prime Minister Miro Cerar at the press conference following the government session where new measures on fighting grey economy were approved.
The towering unemployment rate and the lack of trust in the government are some of the reasons forcing people to enter the grey economy zone accepting unreported employment.
They prefer to rely on family or work in the grey economy than lean on the state.
Priorities for the coming months will include improving liquidity through special 'bad loan' funds, tackling the gap in public finances with a privatization programme and restructuring of state enterprises as well as continued efforts to fight the grey economy, tax evasion and illegal trading.
The Serbian government on October 8 unveiled a series of painful reforms designed to fix the country's finances, which include raising taxes and the retirement age for women, cracking down on the grey economy, and cutting subsidies to state-owned companies.
The association said that the move was unjustified, and legally ensuring free cash withdrawals on volumes larger than everyday needs could lead to a strengthening of the grey economy.
We can see from the data that the positive impact in economic growth is a direct result of card usage and is tied to the benefits electronic payments offer, including enhanced security, convenience of operating without cash or checks, increased efficiency at checkout and a reduction in the grey economy," said Kamran Siddiqi, Visa general manager for Middle East and North Africa.
Moonlighting in the grey economy Many, like 45-year-old textile worker Jadranka Milosavljevic, moonlight in so-called grey economy sector, with no health or social benefits.
The minister identified the key challenges faced by Pakistan as: presence of perception-gaps, which hinders uniform definition of the core values and critical issues of national importance: scale of non-formalized and grey economy which causes severe haemorrhaging to the national economy.
The grey economy and the lack of young and skilled people are the gravest problem of the Macedonian craftsmen.