113 Another Word for Underground Economy? – Underground Economy Synonyms & Antonyms

Want to say underground economy differently? Here are other words for underground economy and its similar synonyms and opposite words to say in unique way.


Meaning of underground economy

The primary meaning of "underground economy" refers to economic activities that are not reported or recorded, often to avoid taxes or regulations.

Etymology of underground economy

The term "underground economy" originated in the mid-20th century, derived from the concept of an "underground" or hidden sector of the economy.
The word "underground" comes from the Old English words "under" (meaning "below" or "beneath") and "grund" (meaning "ground" or "earth").
The term has been used to describe economic activities that operate outside of the formal, regulated economy.

Synonyms

black market informal economy shadow economy hidden economy unofficial economy unreported economy clandestine economy illegal economy unregulated economy untaxed economy bootleg economy pirate economy underground market clandestine market black marketeering tax evasion smuggling fraud corruption bribery embezzlement money laundering racketeering organized crime illicit trade contraband moonlighting off-the-books under-the-table unrecorded unofficial informal hidden secret covert surreptitious

Definitions

  • The underground economy refers to all economic activities that are not reported or recorded, often to avoid taxes or regulations.
  • * It includes both legitimate and illegitimate activities, such as unreported income, tax evasion, and illegal trade.

Usage Examples

  • The government has implemented new policies to curb the underground economy and increase tax revenue.
  • * The underground economy is a significant problem in many developing countries, where it can account for a large percentage of economic activity.

Antonyms

formal economy official economy regulated economy taxed economy reported economy legitimate economy legal economy aboveboard economy transparent economy accountable economy honest economy open economy visible economy recorded economy documented economy mainstream economy orthodox economy conventional economy established economy

Related Adjectives

informal unofficial hidden secret covert surreptitious illicit illegal unreported unrecorded untaxed unregulated clandestine bootleg pirate black underground off-the-books under-the-table

Related Nouns

market trade commerce industry business finance economy taxation regulation legislation policy government authority administration bureaucracy corruption crime fraud offense violation infringement

Related Verbs

evade avoid hide conceal smuggle launder bribe embezzle racketeer organize operate manage regulate control monitor enforce prosecute punish
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