hidden economy

English - Turkish

Definition of hidden economy in English Turkish dictionary

(Ticaret) kayıtdışı ekonomi

English - English

Definition of hidden economy in English English dictionary

(Ekonomi) A grey market or gray market also known as parallel market is the trade of a commodity through distribution channels which, while legal, are unofficial, unauthorized, or unintended by the original manufacturer. The term gray economy, however, refers to workers being paid under the table, without paying income taxes or contributing to such public services as Social Security and Medicare. It is sometimes referred to as the underground economy or "hidden economy."

Hyphenation

hid·den E·con·o·my

Turkish pronunciation

hîdın ikänımi

Pronunciation

/ˈhədən ēˈkänəmē/ /ˈhɪdən iːˈkɑːnəmiː/