| 单词 | black economy |
| 释义 | black economy Economic activities not reported to the tax, social security, and other public authorities. The term is intentionally somewhat pejorative, as participation in the black economy usually involves evasion of taxes and social security contributions, and sometimes enables workers to draw social security benefits benefits while working. It is also liable to involve breach of laws concerning health and safety, employers' liability, job security, controls on the employment of aliens, and so forth. Lack of records of activities in the black economy reduces the accuracy of official statistics on incomes and employment. |
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