black economy

British  

noun

1. 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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Example Sentences

See Examples For:

black economy

Yopougon has a large black economy and the local industrial estate "only offers very seasonal and fairly insecure job opportunities", Kouame explained.

From Barron's ● Oct. 17, 2025

But former Blair-era minister Clive Betts warned the border system "continue to fail" without proper exits checks leaving a risk of people staying illegally and working in "the black economy".

From BBC ● May 8, 2025

However, the 17-page document reveals a series of previously unreported leaks by other partners, many who remain unnamed, from government consultations on topics including the taxation of digital currencies and the "black economy."

From Reuters ● Sep. 27, 2023

Much of the wealth of those enriched by the black economy would be insulated, because lots of their lucre is held not in cash but in property, gold or jewellery.

From Economist ● Dec. 1, 2016

And I dismissed the Nation of Islam’s demand for a separate black economy in America, which I had also heard before, as willful, and even mischievous, nonsense.

From "The Fire Next Time" by James Baldwin