parallel economy

 Informal, unregulated economy.
 See also black market.
 ► “Hernando de Soto is the leading scholar documenting the parallel or unlicensed economy. His book, The Other Path: The Invisible Revolution in the Third World portrays the extent of this sector in the Peruvian economy.” (Understanding NAFTA and Its International Business Implications, 1996, p. 247)

American business jargon. 2014.

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