Black Money
Categories: Econ, Trading, Education, Metrics, Ethics/Morals, Regulations
Black money is untaxed, usually cash, and is the result of black market dealings.
When Billy went next door to mow the neighbor’s lawn for $10, he got himself into the black economy by accepting black money (they get them started so young these days...tragic). In order to actually use black money, it must be spent in the black market or laundered to look legit (thanks, Billy’s mom).
