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black economy

   Also found in: Financial, Encyclopedia, Wikipedia 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


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Those involved in this black economy may be selling fake DVDs or CDs to your children today, but tomorrow it could be drugs "They will stop at nothing to make a profit.
Sending in the Revenue to grab a few extra euro from small businesses will lead to bankruptcies and a return to the black economy.
Strange it's illegal to employ illegal immigrants, but black economy employers don't even get a wrist slap let alone loss of one year's tax relief, which is the correct reprisal and, I believe, the method used by the New Zealand Government.
 
 
 
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