- (the) black economy
- the black economy UK US nounillegal business activities that allow people to avoid paying taxes, for example selling goods or providing services without keeping any records
Useful english dictionary. 2012.
(the) black economy
Look at other dictionaries:
the black economy — UK US noun [S] UK (US the underground economy) ECONOMICS ► business activity that is illegal because tax on profits is not paid to the government: »An increase in the national minimum wage could damage many businesses and boost the black economy … Financial and business terms
the shadow economy — UK US noun [S] ECONOMICS ► THE BLACK ECONOMY(Cf. ↑the black economy) … Financial and business terms
the underground economy — UK US noun [S] ECONOMICS ► THE BLACK ECONOMY(Cf. ↑the black economy) … Financial and business terms
the black economy — UK / US noun illegal business activities that allow people to avoid paying taxes, for example selling goods or providing services without keeping any records … English dictionary
black economy — The scale of the hidden economy is unknown, though it is generally recognized to be considerable (Benito 1987). The black economy is particularly important in the service industries, in construction and in certain manufacturing industries like … Encyclopedia of contemporary Spanish culture
Black Economy — The segment of a country s economic activity that is derived from sources that fall outside of the country’s rules and regulations regarding commerce. The activities can be either legal or illegal depending on what goods and/or services are … Investment dictionary
black economy — noun a hidden sector of the economy where private cash transactions go unreported no one knows how large the black economy really is • Hypernyms: ↑sector • Part Holonyms: ↑economy, ↑economic system * * * black economy noun Economic activity… … Useful english dictionary
black economy — That portion of employment within the market economy that is not fully covered by official statistics , due to some degree of under reporting which is assumed to be connected with tax evasion. Unfortunately, economic statistics are imperfect, so… … Dictionary of sociology
black economy — N SING 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. [BRIT] ...an attempt to clamp down on the black economy … English dictionary
black economy — Economic activity that is undisclosed, as to disclose it would render the earnings involved liable to taxation or even cause those engaged to be imprisoned (if they are claiming state benefits and have lied about their earnings). The black… … Big dictionary of business and management
