black economy

English - Turkish

Definition of black economy in English Turkish dictionary

Kayıt dışı ekonomi

English - English

Definition of black economy in English English dictionary

The black economy consists of the buying, selling, and producing of goods or services that goes on without the government being informed, so that people can avoid paying tax on them. an attempt to clamp down on the black economy. A sizable hidden segment of a country's economy that operates on numerous unreported private cash transactions. business activity that takes place secretly, especially in order to avoid tax black market

illegal underground economy not reported for taxes

a hidden sector of the economy where private cash transactions go unreported; "no one knows how large the black economy really is

Hyphenation

black E·con·o·my

Turkish pronunciation

bläk ikänımi

Pronunciation

/ˈblak ēˈkänəmē/ /ˈblæk iːˈkɑːnəmiː/