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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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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Last month, Mahmood said she wanted to "shrink the black economy" and dismantle the business model of smuggling gangs.

From BBC Nov. 5, 2025

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

Those working there report a rising number of husbands simply leaving – either to slip off into the black economy of Bangladesh beyond the Rohingya settlements, or with other women.

From The Guardian Jun. 28, 2018

Economists reckon that India’s black economy accounts for at least 20% of GDP.

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

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