cash economy

Definition

noun
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.

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

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

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cash earnings per share (cash EPS) cash equity