Business terms and jargon
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What is Hidden EconomyCertain activities may be productive and also legal but are concealed from the authorities for various reasons, for example: to evade taxes or regulation. In principle these, as well as economic production that is illegal, are to be included in the accounts but are by their nature difficult to measure.
© Crown Copyright. Material taken from National Statistics website: www.statistics.gov.uk. Reproduced under the terms and conditions of the Click-Use Licence.
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Term created / updated 2007-01-19 15:09:14
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