Definitions

from The American Heritage® Dictionary of the English Language, 5th Edition.

  • noun A segment of a country's economy that consists of black-market activities.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • noun economics A sector of a nation's economy that is illegally undocumented due to cash payments or tax avoidance

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • noun a hidden sector of the economy where private cash transactions go unreported

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