Difference between revisions of "Informal Economy"

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In relation to modern economic systems, the '''Informal Economy''' is that part of the economy where exchange of [[Labour]] (i.e., [[Economic Exchange]] is not [[Monetized Economy|monetized]], and where [[barter]] is the primary form of exchange. Contrast the informal economy with the [[Official Economy|official]] (or formal) economy and the [[Underground Economy|underground economy]].  
<blockquote class="definition">
The '''Informal Economy''' is that part of the economy where exchange of [[Labour]] (i.e., [[Economic Exchange]] is not [[Monetized Economy|monetized]], and where [[barter]] is the primary form of exchange. Contrast the informal economy with the [[Official Economy|official]] (or formal) economy and the [[Underground Economy|underground economy]].  
</blockquote>


==EconomicTypes==
5
{{ask:[[Is an::Economic Type]]}}


==Related LP Terms==


==See Also==
[[Informal Economy]] > {{#ask:[[Is a related LP term::Informal Economy]]}}


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==Non-LP Related Terms==


==Further Reading==
[[Informal Economy]] > {{#ask:[[Is a related term::Informal Economy]]}}


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==Notes==




{{endstuff}}


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[[category:economy]]
[[category:RSGME]]
[[category:lightningpath]]
[[category:terms]]
[[category:terms]]
[[Is an::Economic Type| ]]

Latest revision as of 21:45, 22 December 2022

The Informal Economy is that part of the economy where exchange of Labour (i.e., Economic Exchange is not monetized, and where barter is the primary form of exchange. Contrast the informal economy with the official (or formal) economy and the underground economy.

EconomicTypes

5 {{ask:Economic Type}}

Related LP Terms

Informal Economy > Regime of Accumulation

Non-LP Related Terms

Informal Economy > Official Economy, Underground Economy

Notes

Footnotes