Underground economy - Hutchinson encyclopedia article about Underground economy Printer Friendly
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black economy
(redirected from Underground economy)

    Also found in: Financial, Encyclopedia, Wikipedia 0.03 sec.

black economy

Hidden economy of a country, which includes undeclared earnings from a second job (‘moonlighting’), benefitting from undervalued goods and services (such as company ‘perks’) designed for tax evasion purposes, and many kinds of unreported cash transactions.



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