What is the meaning of black economy?

noun

  • A hidden sector of the economy where private cash transactions go unreported.
    • usage: "no one knows how large the black economy really is"
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). black economy. Retrieved October 1, 2026, from http://smartdefine.org/black_economy/definitions/1223639
ChicagoWordNet. 2010. "black economy" http://smartdefine.org/black_economy/definitions/1223639 (accessed October 1, 2026).
HarvardWordNet 2010, black economy, Smart Define, viewed 1 October, 2026, <http://smartdefine.org/black_economy/definitions/1223639>.
MLAWordNet. "black economy" 23 October 2010. Web. 1 October 2026. <http://smartdefine.org/black_economy/definitions/1223639>