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Home > QFINANCE Dictionary > Definition of black economy

Definition of

black economy


unofficial, untaxed economic activity economic activity that is not declared for tax purposes and is usually carried out in exchange for cash

Definitions of ’black economy’ and meaning of ’black economy’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’black economy’ and other financial terms with our online QFINANCE Financial Dictionary.

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