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

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