
Home > Terms > Armenian (HY) > ստվերային տնտեսություն
ստվերային տնտեսություն
If you pay your cleaner or builder in cash, or for some reason neglect to tell the taxman that you were paid for a service rendered, you participate in the black or underground economy. Such transactions do not normally show up in the figures for GDP, so the black economy may mean that a country is much richer than the official data suggest. In the United States and the UK, the black economy adds an estimated 5—10% to GDP; in Italy, it may add 30%. As for Russia, in the late 1990s estimates of the black economy ranged as high as 50% of GDP.
- Sõnaliik: noun
- Sünonüüm(id): black economy_₀
- Blossary:
- Valdkond/domeen: Economy
- Category: Economics
- Company: The Economist
- Toode:
- Akronüüm-lühend:
Muud keeled:
Mida öelda tahate?
Terms in the News
Featured Terms
phylum placozoa
Macroscopic, flattened marine animals, composed of ventral and dorsal epithelial layers enclosing ...
phylum cnidaria
Cnidarians. Hydras, hydroids, jellyfish, sea anemones, and corals. Free-swimming or sessile, with ...
share a term with millions
Share a term with millions of users around the world and increase your online visibility.Share a ...
oak
Genus native to the Northern Hemisphere with spirally arranged leaves, catkins for flowers and ...
Everest
The last but not least mount Everest. The Earth's highest mountain, with a peak at 8,848 metres ...
aglaonema
Genus of about 20 species of usually rhizomatous, evergreen perennials from tropical forest in Asia. ...
Robojelly
Robojelly is a hydrogen-powered robot desgined in the United States that moves through the water ...
Ferdinand Porsche
Ferdinand Porsche (3 September 1875 – 30 January 1951) was an Austrian-German automotive engineer ...
Marzieh Afkham
Marzieh Afkham, who is the country’s first foreign ministry spokeswoman, will head a mission in east ...
define1
Share a term with millions of users around the world and increase your online visibility.Share a ...
Kaastöötaja
Featured blossaries
Browers Terms By Category
- Body language(129)
- Corporate communications(66)
- Oral communication(29)
- Technical writing(13)
- Postal communication(8)
- Written communication(6)
Communication(251) Terms
- SSL certificates(48)
- Wireless telecommunications(3)
Wireless technologies(51) Terms
- Yachting(31)
- Ship parts(4)
- Boat rentals(2)
- General sailing(1)
Sailing(38) Terms
- Aeronautics(5992)
- Air traffic control(1257)
- Airport(1242)
- Aircraft(949)
- Aircraft maintenance(888)
- Powerplant(616)