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词汇 black-economy
释义 black economy
noun[ Cusually singular ]
uk /ˌblæk ɪˈkɒn.ə.mi/ us /ˌblæk ɪˈkɑː.nə.mi/
business activity and income that people do not record in order to avoid paying tax on it黑色经济(指为逃税而隐瞒收入的地下经济活动)
SMART Vocabulary: related words and phrases

Economics
accommodative
anti-economic
anti-inflation
anti-inflationary
anti-recession
buyer's market
deindustrialization
economic
economist
Great Recession
gross domestic product
HDI
human development index
Keynesian
monetarism
monetary
recession
reflate
retrench
squeeze
Examples from literature

On benefit, the welfare rule is strict on not-working, while by assumption the black economy can be neglected. 

the black economy | Business English


the black economy
noun[ S ]
 ECONOMICS UKukus(alsothe shadow economy, parallel economy); (USthe underground economy)
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.

Examples of black economy


black economy
We need to avoid two things in particular: one is over-rigid labour markets which paralyse opportunity, promote unemployment and simply encourage the blackeconomy.
From Europarl Parallel Corpus - English
The blackeconomy is a logical consequence of this.
From Europarl Parallel Corpus - English
It is on the right track, since the most important thing is to regularise the blackeconomy and take steps to combat crime.
From Europarl Parallel Corpus - English
The blackeconomy gnaws away at a decent society.
From the
Hansard archive

Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
The blackeconomy gnaws away at the honest living of more than 1 million people.
From the
Hansard archive

Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
However, that is not the only consequence of a blackeconomy.
From the
Hansard archive

Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
Then there are the issues of enlargement, the blackeconomy and fraud.
From the
Hansard archive

Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
It has caused much growth in the blackeconomy and consequently yielded false figures for unemployment.
From the
Hansard archive

Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
It is generally accepted that during the past decade there has been a massive increase in the size of the blackeconomy.
From the
Hansard archive

Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
The size of the "blackeconomy" and its effect on the unemployment statistics is not known with any certainty.
From the
Hansard archive

Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
The blackeconomy operators would have to produce proper bills for householders, who would then claim tax relief on the amounts set out.
From the
Hansard archive

Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
Such a scheme would help builders and reduce the large blackeconomy, which has been with us for years in the west midlands.
From the
Hansard archive

Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
It enables our constituents to perceive the dark side of the blackeconomy.
From the
Hansard archive

Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
The tax loss in the blackeconomy was estimated at £4 billion a year.
From the
Hansard archive

Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
The scheme also discourages that nasty animal the blackeconomy.
From the
Hansard archive

Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
See all examples of black economy
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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