black economy Synonyms
No Synonyms and anytonyms found
black economy Meaning
Wordnet
black economy (n)
a hidden sector of the economy where private cash transactions go unreported
black economy Sentence Examples
- The government is implementing stricter measures to curb the growth of the black economy.
- Studies indicate that the black economy constitutes a significant portion of the national GDP.
- Engaging in activities within the black economy often involves evading taxes and operating outside regulatory frameworks.
- Some argue that the proliferation of the black economy is a consequence of ineffective enforcement mechanisms.
- Many individuals turn to the black economy as a means of survival in times of economic hardship.
- Efforts to combat the black economy require collaboration between law enforcement agencies and financial institutions.
- The black economy poses challenges to achieving transparency and accountability in financial transactions.
- Certain industries are more susceptible to operating within the black economy due to their cash-based nature.
- Measures to formalize informal sectors aim to reduce reliance on the black economy and integrate marginalized groups into the formal economy.
- Globalization has led to the expansion of the black economy across borders, presenting new challenges for regulatory bodies.
FAQs About the word black economy
a hidden sector of the economy where private cash transactions go unreported
No synonyms found.
No antonyms found.
The government is implementing stricter measures to curb the growth of the black economy.
Studies indicate that the black economy constitutes a significant portion of the national GDP.
Engaging in activities within the black economy often involves evading taxes and operating outside regulatory frameworks.
Some argue that the proliferation of the black economy is a consequence of ineffective enforcement mechanisms.
