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black economy

   Also found in: Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
black economy
n.
A sizable hidden segment of a country's economy that operates on numerous unreported private cash transactions.
black economy
n
(Economics) that portion of the income of a nation that remains illegally undeclared either as a result of payment in kind or as a means of tax avoidance
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.black economy - a hidden sector of the economy where private cash transactions go unreported; "no one knows how large the black economy really is"
sector - a social group that forms part of the society or the economy; "the public sector"
economic system, economy - the system of production and distribution and consumption
Translations
black economy n (Brit) → economia sommersa
black economy n (Brit) → economia sommersa


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? Mentioned in ? References in periodicals archive
 
Most of the black economy is in the hands of the top three per cent of the population.
Declaring war on a brutal killer: corruption and world poverty are ... by Breitenberg, Chris / For A Change
But the black economy, of which they're a part, has grown in leaps and bounds over the last few decades.
Britain's war over managed migration: an interview with British ... by Bacon, David / Colorlines Magazine
And these businesses, which often serve as a gauge to the state of the black economy, need to be more nimble as expansion capital becomes tighter and the competition grows fiercer.
The next generation of CEOs: many of the B.E. 100's must prepare now ... by Dingle, Derek T. / Black Enterprise
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