black economy

1. 1.

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

   “no one knows how large the black economy really is”

   Broadersector

   Part ofeconomy

Questions about black economy

What does black economy mean?

black economy means "a hidden sector of the economy where private cash transactions go unreported".

Is black economy a common word?

black economy is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.