BLACK ECONOMY

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A hidden sector of the economy where private cash transactions go unreported

Example:

no one knows how large the black economy really is

Classified under:

Nouns denoting groupings of people or objects

Hypernyms ("black economy" is a kind of...):

sector (a social group that forms part of the society or the economy)

Holonyms ("black economy" is a part of...):

economic system; economy (the system of production and distribution and consumption)

Credits