black economy
black economy · black economies
A sector of a nation's economy that is illegally undeclared and undocumented due to…A sector of a nation's economy that is illegally undeclared and undocumented due to cash payments or tax avoidance
Meaning
1 sensesA sector of a nation's economy that is illegally undeclared and undocumented due to cash payments or tax avoidance
No one knows how large the black economy really is.
More definitions
- a hidden sector of the economy where private cash transactions go unreported
Forms
plural: black economies| Singular | black economy |
|---|---|
| Plural | black economies |
regular
Word family
1 related wordsRelatedblack market
See also
neighbours in the dictionaryDictionary text adapted from Wiktionary (Wiktionary contributors, CC BY-SA 4.0) and Open English WordNet / Princeton WordNet (CC BY 4.0, WordNet License); shared under CC BY-SA 4.0. Example sentences and recordings are credited where they appear.