cash economy


a black economy, where goods and services are paid for in cash, and therefore not declared for tax

Use cash economy in a sentence

You should always try and make sure that your business is doing as well as it can in the current cash economy.

​ Was this Helpful? YES  NO 6 people found this helpful.

Tax revenues in the third world country were exceedingly slim due to the shady nature of their predominantly cash economy.

​ Was this Helpful? YES  NO 10 people found this helpful.

It was difficult for the federal government to estimate the size of the illegal drug market because all transactions were in a cash economy

​ Was this Helpful? YES  NO 12 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
cash earnings per share (cash EPS) cash equity