Informal Economy: Difference between revisions
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*However they are often much more "in sync" with their local communities' needs | *However they are often much more "in sync" with their local communities' needs | ||
**They often "fill in" gaps of supply and demand, great examples being re-selling fuel at a higher price, but constant rate during shortages | **They often "fill in" gaps of supply and demand, great examples being re-selling fuel at a higher price, but constant rate during shortages | ||
*This may be an issue with [[Community Markets]] etc, as if they become economically siginificant enough, documentation and taxation should occur, and how to apply this in such a chaotic decentralized system will need to be determined | |||
=Internal Links= | =Internal Links= | ||
Revision as of 03:33, 21 January 2021
Basics
- Also know (with more negative cases usually) as the "Black Market", or as the "Invisible" or "Shadow" Economy
- Essentially all Economic Activity that is not documented by the Government or NGOs
- Thus has no Worker's Protections , Taxes, Or ability to sue for fraud etc
- However they are often much more "in sync" with their local communities' needs
- They often "fill in" gaps of supply and demand, great examples being re-selling fuel at a higher price, but constant rate during shortages
- This may be an issue with Community Markets etc, as if they become economically siginificant enough, documentation and taxation should occur, and how to apply this in such a chaotic decentralized system will need to be determined