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LSDefine

Simple English definitions for legal terms

black economy

Read a random definition: in terrorem

A quick definition of black economy:

Black economy: The black economy, also known as the shadow economy, refers to all the economic activities that are not registered or reported to the government. These activities can include legal and illegal production of goods and services, such as gambling, prostitution, drug dealing, and unreported incomes. The black economy is also called the underground economy or black market.

A more thorough explanation:

Definition: The black economy, also known as the shadow economy, refers to the unregistered economic activities that contribute to a country's gross national product. This includes legal and illegal production of goods and services, such as gambling, prostitution, drug-dealing, barter transactions, and unreported incomes.

Examples: Some examples of the black economy include:

  • A drug dealer selling illegal drugs for cash
  • A prostitute receiving payment for services without reporting it to the government
  • A person selling goods or services for cash without paying taxes

These examples illustrate how the black economy operates outside of the legal system and often involves illegal activities or tax evasion. These activities are not included in official economic statistics, but they still contribute to the overall economy.

black codes | Black Hand

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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