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, and where barter is the primary form of exchange. Contrast the informal economy with the official (or formal) economy and the underground economy.


See Also

Economy

Labour | Work | Labour Time
Barter | Money (Labour Value of Money / Labour-Exchange Value of Money)
Official Economy | Informal Economy | Underground Economy | Monetized Economy
Accumulation | Power | Debt | Global Crises
Social Class | The Baker's Story

Further Reading

Sosteric, Mike (RSGME). The Rocket Scientists' Guide to Money and the Economy. Lightning Path Press. More Info