black economy

English

Noun

black economy (plural black economies)

1. (economics) A 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.

Related terms

• black market

Translations

a sector of a nation's economy that is illegally undeclared and undocumented

• Hungarian: feketegazdaság (hu)