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Meaning of black economy | Babel Free

Noun CEFR B2

Definitions

A sector of a nation's economy that is illegally undeclared and undocumented due to cash payments or tax avoidance

Examples

“No one knows how large the black economy really is.”

CEFR level

B2

Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

black elder Black Elk Black English Black English Vernacular black ewe black eye