black economy definition

  • noun:
    • A sizable hidden portion of a country's economic climate that functions on many unreported personal money deals.
    • A sector of a nation's economic climate that's illegally undocumented due to money payments or income tax avoidance
    • a concealed sector of economic climate where personal cash transactions get unreported

Related Sources

  • Definition for "black economy"
    • A sizable hidden portion of a country's economic…
    • View More
  • Sentence for "black economy"
  • Urban Dictionary for "black economy"
    • the task done which income tax…
    • View More
53 votes

How would you define black economy?

All the definitions on AZdictionary were written by people just like you. Now's your chance to add your own!