black economy

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black economy

n.
A segment of a country's economy that consists of black-market activities.

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

black economy

Economic activities which take place without the paying of taxes.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.black economy - a hidden sector of the economy where private cash transactions go unreportedblack 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
References in periodicals archive ?
Workers in the informal economy include independent, self-employed, small-scale producers, and distributors of goods and services, who are not covered by labor laws and have no social protection.
Bhattachryya also discussed the Indian steps in establishing informal economy and reform where he confirmed that an informal economy in India will continue to grow but most importantly it is crucial to assimilate the informal economy with the formal one.
Currency in circulation as a percentage of GDP is a measure that reflects the scale of the informal economy: a higher ratio means a larger informal economy and a heavier dominance of cash.
The new ERP strengthens and expands cooperation between the state and the entities in joint implementation of reforms in the areas of public finance, transport market, agriculture, forestry, water management, business environment and reduction of informal economy, and linking of the labor market and education sector, or increasing labor market efficiency.
The time has come for Pakistan to address inequity and to tackle the informal economy, which is considered a barrier to inclusive growth as it excludes the majority of people from accessing opportunities of productive growth in the economic realm and deprives them of entitlements at work because of their informal status.
She added that the informal sector accounted for 40% of the total Egyptian economy, noting that the informal economy is closely linked to low economic growth rates, the environment of legislation and licensing of industrial projects, and also the percentage of economically marginalised groups.
The Cambodia Informal Economy Reinforced Association (CIERA) had planned demonstrations at the Poipet border checkpoint saying the 6,000 riel (about $1.
The vulnerable sector in the informal economy referred to waste recyclers, segregators and pickers as identified by City Ordinance SP-2512-2016, otherwise known as the "Quezon City Informal Economy Ordinance".
There is also a need for stronger labour inspection systems as it rarely reaches workplaces in the informal economy, where most child labour is found.
In Lebanon, the informal economy is playing a different role.
Summary: In the absence of a radical solution to the expansion of the informal economy and the adequate development of modern means of payment, the circulation of notes and coins in
The Economic Chamber of Northwest Macedonia says the fight against the informal economy should be a mix of regular inquiries by inspection authorities throughout the country and lower customs and tax rates.

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