Informal economy
Videos
An informal economy is the part of any economy that is neither taxed nor monitored by any form of government. Although the informal sector makes up a significant portion of the economies in developing
Black market sellers offer watches for sale to US soldiers in Baghdad in 2004.
A haircut being given on a sidewalk in Vietnam
Ice cream street vendor in Mexico
Informal economy in the streets of Bolivia
Black market
Videos
A black market is a clandestine market or series of transactions that has some aspect of illegality within a legal jurisdiction; it may also not be compliant with an institutional set of rules. If the
Informal economy
…3–7%. The informal sector can be described as a grey market in labour. Other concepts that can be characterized as informal sector can include the black market (shadow economy, underground economy), agorism, and System D. Associated idioms include "under the table", "off the books", and "working for cash". The…
A black market in Shinbashi in 1946
Illegal street traders in Barcelona in 2015
In the U.S., cannabis has been termed as a cash crop.