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Black economy
 

 

Unofficial economic activity the gross national product, is not contained the gross national product, is not contained within national statistics. It is for the most part conducted on a cash or barter basis and, although generating a substantial portion of the unofficial national income, the fact that it is not formally recorded in any accounting records takes it out of the tax net. It is the very fact that income earned within the black economy escapes taxation that renders it attractive to those working within it.

Reference: The Penguin Business Dictionary, 3rd edt.