BLACK ECONOMY

Pronunciation (US):

(GB):

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 unreported

  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)