cash economy (kæʃ ɪˈkɒnəmɪ)
- an economic system, or part of one, in which financial transactions are carried out
in cash rather than via direct debit, standing order, bank transfer, or credit card
Example Sentences Including 'cash economy'
Industry, jobs, a functioning cash economy - these are the things that will give Costen and his family food security.
Times, Sunday Times (2002)
The American branch had become deeply involved in a cash economy.
SHAPES ON THE WIND (2001)
The Australian Government, in its document A New Tax System, released last August, conceded that the cash economy was growing.
`The present taxes and collection systems allow too much scope for taxpayers to participate in the cash economy ," it said.
to comment on this word.