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…
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  • Urban Dictionary for "black economy"
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