What is the Shadow Economy? Definition and Meaning

The shadow economy refers to all work activity and business transaction that occur ‘below the radar’ – economic activity that is undeclared.

Related Keywords

South Korea ,California ,United States ,Quebec ,Canada ,Germany ,Russia ,Cuba ,Greece ,Uganda ,North Korea ,Italy ,United Kingdom ,Spain ,Austria ,Boston ,Massachusetts ,West Germany ,Americans ,Californian ,Canadian ,America ,American ,East Germany ,Britain ,British ,Soviet ,Friedrich Schneider ,Margaret Thatcher ,Milton Friedman ,Ronald Reagan ,Colin Williams ,Federal Reserve Bank ,European Union Shadow Economy ,Nobel Memorial Prize In Economic Sciences ,Institute Of Economic Affairs ,Deposit Insurance Corporation ,European Union ,Canada Revenue Agency ,Johannes Kepler University Of Linz ,Latin America ,North America ,Soviet Union ,Eastern Europe ,Deliberate Strategy ,Great Recession ,Federal Deposit Insurance Corporation ,Drug Trafficking ,Professor Friedrich Schneider ,Johannes Kepler University ,Federal Bank ,Friedman Black Market ,Memorial Prize ,British Prime Minister Margaret ,Canada Revenue ,British Columbia ,