informal economy
An alternative term for the Underground economy.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • informal economy — ➔ economy1 * * * informal economy UK US noun [C] ECONOMICS ► THE SHADOW ECONOMY(Cf. ↑the shadow economy) …   Financial and business terms

  • Informal economy — In economics, the term informal economy (or second economy in the South African context) refers to all economic activities that fall outside the formal economy regulated by economic and legal institutions. It refers to the general market income… …   Wikipedia

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  • informal economies — informal economy …   Dictionary of sociology

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