gray market

(redirected from Unobserved Economy)
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  • noun

Synonyms for gray market

an unofficial market in which goods are bought and sold at prices lower than the official price set by a regulatory agency

References in periodicals archive ?
In order to identify the unobserved economy in Romania, the economy can be divided into two sectors: formal and informal.
The unobserved economy includes cash jobs and work undertaken by households for their own use, like growing vegetables.