What is another word for black economy?
Pronunciation: [blˈak ɪkˈɒnəmi] (IPA) 
The term "black economy" refers to the illegal and underground economic activities such as tax evasion, money laundering, and unreported transactions. It is also known as shadow economy, informal economy or underground economy. Other synonyms for this term include the grey economy, parallel economy, unrecorded economy, or hidden economy. These terms are all used to describe the economic activities that go unreported and unregulated by the government. The black economy can have negative impacts on both the economy and society as a whole, as it can limit the government's ability to collect taxes and regulate the economy. It is important to combat such illegal activities to ensure a fair and sustainable economic environment.
