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Vocabulary Term Details

Informal sector

Definition (http://en.wikipedia.org/wiki/Informal_sector)

The informal sector or informal economy is that part of an economy that is not taxed, monitored by any form of government, or included in any gross national product (GNP), unlike the formal economy. Other terms used to refer to the informal sector can include the black market, the shadow economy, the underground economy and System D. (Wikipedia)

Preferred Units: N/A

Scope Note:
N/A

Broader TermsNarrower TermsRelated Terms
Economic sectors
N/AEmployment

This term is used for the following terms: 
N/A

Approved Date
26-Jul-2013

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