English Dictionary

BLACK ECONOMY

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IPA (US): 

 Dictionary entry overview: What does black economy mean? 

BLACK ECONOMY (noun)
  The noun BLACK ECONOMY has 1 sense:

1. a hidden sector of the economy where private cash transactions go unreportedplay

  Familiarity information: BLACK ECONOMY used as a noun is very rare.


 Dictionary entry details 


BLACK ECONOMY (noun)


Sense 1

Meaning:

A hidden sector of the economy where private cash transactions go unreported

Classified under:

Nouns denoting groupings of people or objects

Context example:

no one knows how large the black economy really is

Hypernyms ("black economy" is a kind of...):

sector (a social group that forms part of the society or the economy)

Holonyms ("black economy" is a part of...):

economic system; economy (the system of production and distribution and consumption)


 Learn English with... Proverbs 
"As you make your bed, so you must lie in it." (English proverb)

"To be poor is not a sin, it's better to avoid it anyway" (Breton proverb)

"A bird that flies from the ground onto an anthill, does not know that it is still on the ground." (Nigerian proverb)

"Lovers and lords want only to be alone together." (Corsican proverb)



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