Definition of underground economy in English:

underground economy

Line breaks: under|ground econ|omy

noun

North American term for black economy.
More example sentences
  • Thus, it may be that the most widely accepted estimates of the size of the underground economy in advanced market capitalist economies rely upon estimates of the use of currency compared to GDP.
  • A black market is also called an underground economy or unregulated economy.
  • He defines ‘legal GDP’ as officially reported GDP minus the underground economy's GOP.

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