Informal Economy

The informal economy is the diversified set of economic activities, enterprises, jobs, and workers that are not regulated or protected by the state. The concept originally applied to self-employment in small unregistered enterprises. It has been expanded to include wage employment in unprotected jobs.

The informal economy tends to be stigmatized as “illegal”, “underground”, “black market” or “grey _________ _________ ____ _________ __________ _______ _________ ____ _______.
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