underground economy
The underground economy refers to a segment of economic activities that operate outside the formal systems and regulations of a country, often involving undeclared income, unregistered businesses, and transactions that are concealed from authorities.
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Related Concepts (20)
- black market
- cash-in-hand transactions
- counterfeit goods
- cybercrime
- gray market
- hawala system
- illegal activities
- illicit trade
- informal economy
- informal labor market
- money laundering
- off-the-books work
- organized crime
- parallel economy
- shadow economy
- smuggling
- tax evasion
- underground banking
- undocumented workers
- unreported income
Similar Concepts
- black market activities
- black market activity
- black market economy
- collaborative economy
- cybercriminal underground
- local economy
- market economy
- shadow economy and tax avoidance
- shared economy
- underground coal fire
- underground comics
- underground hacking communities
- underground mining
- underground storage
- underground tunnels