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.
0
0
Patobulinti
- Kalbos dalis: noun
- Sinonimai: black economy_₀
- Blossary:
- Pramonės šaka / sritis: Economy
- Category: Economics
- Company: The Economist
- Produktas / gaminys:
- Akronimas / santrumpa:
Kitos kalbos:
Ką norite pasakyti?
Terms in the News
Featured Terms
Pramonės šaka / sritis: Sociology Category: General sociology
էլեկտրոնային առևտուր
Numerous ways that people with access to the Internet can do business from their computers.
Talkininkas
Featured blossaries
mbourgaize
0
Terms
6
Aiškinamieji žodynai
1
Followers
Canadian Real Estate
Kategorija: Business 1 26 Terms
Ahmed Batis
0
Terms
1
Aiškinamieji žodynai
0
Followers
Arabic Dialects
Kategorija: Languages 2 3 Terms
Browers Terms By Category
- General seafood(50)
- Shellfish(1)
Seafood(51) Terms
- Chocolate(453)
- Hard candy(22)
- Gum(14)
- Gummies(9)
- Lollies(8)
- Caramels(6)
Candy & confectionary(525) Terms
- Misc restaurant(209)
- Culinary(115)
- Fine dining(63)
- Diners(23)
- Coffehouses(19)
- Cafeterias(12)
Restaurants(470) Terms
- Wireless networking(199)
- Modems(93)
- Firewall & VPN(91)
- Networking storage(39)
- Routers(3)
- Network switches(2)
Network hardware(428) Terms
- General jewelry(850)
- Style, cut & fit(291)
- Brands & labels(85)
- General fashion(45)