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black economy
black economy That portion of employment within the market economy that is not fully covered by official statistics, due to some degree of under-reporting which is assumed to be connected with tax evasion. Unfortunately, economic statistics are imperfect, so that gaps and inconsistencies are due more often to data-quality problems than to unreported black economy activity. Guesstimates of the size of the black economy are inflated by the substantial amounts of non-market work and marginal work in the informal economy.
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Cite this article
GORDON MARSHALL. "black economy." A Dictionary of Sociology. 1998. Encyclopedia.com. 31 May. 2012 <http://www.encyclopedia.com>. GORDON MARSHALL. "black economy." A Dictionary of Sociology. 1998. Encyclopedia.com. (May 31, 2012). http://www.encyclopedia.com/doc/1O88-blackeconomy.html GORDON MARSHALL. "black economy." A Dictionary of Sociology. 1998. Retrieved May 31, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O88-blackeconomy.html |
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economy, black
economy, black See BLACK ECONOMY.
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Cite this article
GORDON MARSHALL. "economy, black." A Dictionary of Sociology. 1998. Encyclopedia.com. 31 May. 2012 <http://www.encyclopedia.com>. GORDON MARSHALL. "economy, black." A Dictionary of Sociology. 1998. Encyclopedia.com. (May 31, 2012). http://www.encyclopedia.com/doc/1O88-economyblack.html GORDON MARSHALL. "economy, black." A Dictionary of Sociology. 1998. Retrieved May 31, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O88-economyblack.html |
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