black economy

black e·con·o·my

B b

Definitions of black economy words

singular noun black economy 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. 3
noun black economy 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 3
noun black economy (economics) A sector of a nation's economy that is illegally undocumented due to cash payments or tax avoidance. 0

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This term is known only to a narrow circle of people with rare knowledge. Only 7% of English native speakers know the meaning of this word.

According to our data most of word are more popular. This word is almost not used. It has a much more popular synonym.

This diagram is provided by Google Ngram Viewer

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