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LSDefine

Simple English definitions for legal terms

underground economy

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A quick definition of underground economy:

Underground Economy: The underground economy is a term used to describe 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, and drug dealing, as well as barter transactions and unreported incomes. It is also known as the shadow economy, black economy, or black market.

A more thorough explanation:

The underground economy, also known as the shadow economy, refers to all the economic activities that are not registered or reported to the government. These activities contribute to a country's gross national product (GNP) but are not included in official statistics.

  • Gambling
  • Prostitution
  • Drug dealing
  • Barter transactions
  • Unreported incomes

The examples listed above illustrate the different types of economic activities that are part of the underground economy. These activities are not regulated by the government and are often associated with illegal or unethical practices. For instance, gambling and prostitution are illegal in many countries, while drug dealing is a criminal offense. Barter transactions and unreported incomes are also part of the underground economy because they are not reported to the government and are not subject to taxation.

underflow of surface stream | underground recording

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General

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JumpySubsequentDolphin
23:42
hi SPLITTY!!!
HIII DOLPHYY
stanford finally sent me a status checker tomight
do yall know if "Your file has been submitted for review" just means under review
Dkk
0:08
@SplitterusClitterus: really depends on the school. Could mean they have just received it. Could be it is under review. Could mean they already have a decision for you. For Stanford, idk.
Mmm ok thank you
JumpySubsequentDolphin
1:19
my friend JUST sent me that omg
JumpySubsequentDolphin
1:19
also @renard that shows your IG handle
JumpySubsequentDolphin
1:20
I assume you don’t want to doxx yourself 😧
JumpySubsequentDolphin
1:20
if we send enough messages it will stop showing the message tho!!!!!!!!
JumpySubsequentDolphin
1:21
@renard99: come back and spam messages I only have so many left 😔
JumpySubsequentDolphin
1:23
. . .
Dkk
1:49
@renard99: you shared a post a good friend of mine had liked. Lmfao but respect +1
Dkk
1:49
I laughed at it too +1
1:50
Damn lol
1:50
Follow me brah
JumpySubsequentDolphin
2:01
I followed you
JumpySubsequentDolphin
2:01
don’t dox me ☹️
2:06
Nw I won’t dox you 😎
JumpySubsequentDolphin
2:07
don’t judge my feed either I’m bad at Instagram :/
3:17
has anyone here worked for a DAs office during the school year
3:43
LMFAOOO THE INSTAGRAM POST
m10
3:50
I have no idea how it shows his Insta handle. This makes me an old man.
Dkk
3:52
i think you all are just bullshitting
Dkk
3:54
Y'all are gay af.
Dkk
3:54
Making drama out of nothing like a buncha homosexuals.
5:45
Dk I think it shows up
5:45
if you’re already signed into Instagram
5:55
workin workin, grinding
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