Informal Economy
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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