单词	black economy
释义	English Business black economynoun [ C usually singular ] uk/ˌblæk ɪˈkɒn.ə.mi/us/ˌblæk ɪˈkɑː.nə.mi/ business activity and income that people do not record in order to avoid paying tax on it Thesaurus: synonyms and related words Economics autarchy broad money Chancellor of the Exchequer credit crunch depressed downturn economics expenditure GDP per capita GNI hyperinflation market forces mixed economy pecuniary protectionism retail price index spending stall trade figures upturn See more results » Examples from literature On benefit, the welfare rule is strict on not-working, while by assumption the black economy can be neglected. the black economynoun [ S ] ukusUK also the shadow economy, parallel economy, US the underground economy ECONOMICS business activity that is illegal because tax on profits is not paid to the government: An increase in the national minimum wage could damage many businesses and boost the black economy.
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