Informal sectorDefinition (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 This term is used for the following terms: N/A Approved Date 26-Jul-2013 Click here to give feedback on this term or suggest an update. |