Glossary of the 1993 SNA - Definition of Term |
| Term | Underground economy | | Definition | The underground economy consists of activities which may be both productive in an economic sense and also quite legal (provided certain standards or regulations are complied with) but which are deliberately concealed from public authorities (e.g. to avoid the payment of taxes and/or social security contributions or to avoid meeting certain standards or administrative requirements). | | Paragraphs | 6.34. |
|
|
| |
|
| |
