economía sumergida
submerged economy
The term 'economía sumergida' in Spanish is translated into English as 'submerged economy'. This term is often used to discuss parts of the economy that are hidden from official view, often because they involve illegal activities or are not regulated. These activities aren't typically included in a country's Gross Domestic Product (GDP), so they are 'submerged' or hidden, hence the term. Examples might include black market transactions, selling counterfeit goods, cash-in-hand work, or any activity that is not reported to tax authorities.
Example sentences using: economía sumergida
La economía sumergida de un país puede representar una gran parte de su PIB.
The hidden economy of a country can represent a large part of its GDP.
In this sentence, 'economía sumergida' is used to refer to the underground or unreported economic activity of a country, which can contribute significantly to its Gross Domestic Product (GDP).
El gobierno está llevando a cabo medidas para combatir la economía sumergida.
The government is taking measures to combat the hidden economy.
Here, 'economía sumergida' is used to convey the idea of unauthorized or under the table economic activities that the government is trying to regulate or control with various measures or policies.
A menudo, los trabajos de economía sumergida no otorgan ninguna protección laboral.
Often, jobs in the hidden economy offer no job protection.
In this case, 'economía sumergida' refers to the unofficial or informal sector where jobs are typically not covered by labor rights or social security benefits.