ALL meanings of black economy
black e·con·o·my
B b - 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