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Definitions from WordNet

Definitions from the Web

Term: Black Economy

Definition: The term "black economy" refers to economic activities that go unreported or are conducted outside of government regulations and taxation. It encompasses illegal activities, unrecorded transactions, and cash-based dealings.

Sample Sentences:

1. The black economy thrives in urban areas where underground markets for goods and services are prevalent.
2. Many small business owners are forced into the black economy due to high taxes and excessive regulations.
3. The government is cracking down on the black economy by implementing stricter financial regulations.
4. Black market activities contribute to the growth of the black economy, posing a challenge for law enforcement agencies.

Possible Related Products: Check out these books related to the black economy on Amazon:

• The Underground Economy: Global Evidence of Its Size and Impact
• The Black Economy in India
• The Economics of the Black Economy