Informal economy
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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
Grey market
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A grey market or dark market is the trade of a commodity through distribution channels that are not authorised by the original manufacturer or trademark proprietor. Grey market products are products t
Informal economy
…official GDP statistics, in line with international accounting standards, prompting an increase between 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…
A Honda Stepwgn as seen in the Philippines, converted to left-hand drive. Right-hand drive vehicles are not allowed to be used in the country except in freeport zones, and are thus modified to be driven legally.
Product key on a Proof of License Certificate of Authenticity for Windows Vista Home Premium
Milk-powder runners queuing outside Sheung Shui station, near the Hong Kong border