Meaning Of The Word Black economy

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What's the definition of Black economy? Find Black economy meanings, definitions and more at the Real Dictionary online.

Black economy Meaning

Black economy Definition
Black economy Definition

What's The Definition Of Black economy?

black economy
singular noun: The black economy consists of the buying, selling, and producing of goods or services that goes on without the government being informed, so that people can avoid paying tax on them.

black economy in British English
noun: that portion of the income of a nation that remains illegally undeclared either as a result of payment in kind or as a means of tax avoidance

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