black economy Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “black economy” in the English Dictionary

"black economy" in British English

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black economynoun [C usually singular]

uk   us  
businessactivity and ​income that ​people do not ​record in ​order to ​avoidpayingtax on it
(Definition of black economy from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)
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