black economy

English

Noun

black economy (plural black economies)

(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)

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