| / English Dictionary |
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)
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