- the underground economy
- the underground economy UK US noun [S] ECONOMICS► THE BLACK ECONOMY(Cf. ↑the black economy)
Financial and business terms. 2012.
the underground economy
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the black economy — UK US noun [S] UK (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 … Financial and business terms
Underground economy — The underground economy or black market is a market consisting of all commerce on which applicable taxes and/or regulations of trade are being avoided. The term is also often known as the underdog, shadow economy, black economy or parallel… … Wikipedia
underground economy — Economic activity undertaken outside official channels. Transactions in the informal economy are usually illegal, and they are designed to circumvent laws, Regulations, and *taxation. They also tend to be settled in *cash. For obvious reasons,… … Auditor's dictionary
underground economy — underground economy, an unregulated system of exchanging goods and services by barter, unrecorded cash transactions, and other arrangements, especially to avoid paying taxes: »Often working independently and surreptitiously, many Americans have… … Useful english dictionary
The Underground History of American Education — Infobox Book name = The Underground History of American Education title orig = image caption = author = John Taylor Gatto cover artist = country = USA language = English subject = Education, History, Evaluation of genre = publisher = The Oxford… … Wikipedia
underground economy — /ˌʌndəgraʊnd əˈkɒnəmi/ (say .unduhgrownd uh konuhmee) noun an economy which exists alongside the official economy but which involves payments in cash which are not declared as taxable income and which do not therefore become part of official… …
Nuclear Explosions for the National Economy — (sometimes referred to as Program #7[1]), was a Soviet program to investigate peaceful nuclear explosions (PNEs). It was analogous to the US program Operation Plowshare. One of the better known tests was Chagan of January 15, 1965. Radioactivity… … Wikipedia
Timeline of largest projects in the Russian economy — Moscow International Business Center under construction … Wikipedia
economy — The Spanish economy is a modern western style economy based principally on the services sector, which generates just over 60 percent of the country s wealth, compared to about one third generated by industry and construction combined, and… … Encyclopedia of contemporary Spanish culture
underground — 01. Foxes usually build their homes [underground], often at the base of a tree. 02. The government is losing more and more money in taxes each year due to the increase in the [underground] economy. 03. We were digging in our backyard, and… … Grammatical examples in English
