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black economy

Noun CEFR B2

Definitions

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

Equivalents

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 all B2 English words →

See also

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

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