SHADOW ECONOMY

SHADOW ECONOMY

shadow economy. Collectively, the unregistered economic activities that contribute to a country’s gross national product. ? A shadow economy may involve the legal and illegal production of goods and services, including gambling, prostitution, and drug-dealing, as well as barter transactions and unreported incomes. ¡ª Also termed black economy; black market; underground economy.
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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.