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black economy |
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black economyHidden 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Most of the black economy is in the hands of the top three per cent of the population. But the black economy, of which they're a part, has grown in leaps and bounds over the last few decades. And these businesses, which often serve as a gauge to the state of the black economy, need to be more nimble as expansion capital becomes tighter and the competition grows fiercer. |
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