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Home > QFINANCE Dictionary > Definition of parallel economy

Definition of

parallel economy


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

Related definitions of "parallel economy"

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

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