/ˈlɪsɪt ɪˈkɑːnəmi/ – Phrase
Definition: nền kinh tế hợp pháp.
A more thorough explanation: “Licit economy” refers to economic activities that are conducted in accordance with the law and are legal. This term is often used to distinguish lawful economic activities from illicit or illegal ones.
Example: The company’s operations were conducted within the bounds of the law, ensuring that they maintained a licit economy.