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black economy

   Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson 0.01 sec.
black economy
that portion of the income of a nation that remains illegally undeclared either as a result of payment in kind or as a means of tax avoidance


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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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