NOUN
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a hidden sector of the economy where private cash transactions go unreported
no one knows how large the black economy really is
How To Use black economy In A Sentence
- The growing black economy is beginning to worry the Government.
- It leads to the stimulation of a privately run black economy as its crucial lubricant. 5.
- If taxes rise simultaneously there is the prospect of a major disincentive effect on output or of growth in the black economy.
- New careers in alternative economies, in the black economy and in voluntary work will also be studied.
- The black economy booms when there is high unemployment.
- Most women are forced through economic necessity to work in part-time low-paid jobs with quite a large number in the black economy.
- The Irish Small & Medium Enterprises Association (ISME) today warned about a dramatic rise in black economy activities and the re-emergence of a 'nixer' culture, which is undermining legitimate businesses, threatening jobs and livelihoods in the process. Top Stories: BreakingNews.ie
- Publicly suppressed since the 1920s, these qualities have only survived through the black economy, or through private family oral traditions.
- the black economy pays no taxes
- I understand that a television programme had set out to expose the ‘black economy’ in selling meat to butchers and restaurants that had been illegally slaughtered.