informal economy


Systems of transactions that are not based on exchange of official currencies, or monitored by regulatory agencies. Informal economies tend to be based on bartering of goods and services, and are generally excluded from taxation, gross domestic product estimates, and other official economic interactions.

Use informal economy in a sentence

It was an informal economy and there was something I needed to do in order to figure it out better.

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You should try and figure out a way to use an informal economy to your advantage and see new ways to profit.

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The informal economy was operating excessively so the police entered the market and required everyone to pay taxes this week.

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