Underground Economy

The Underground Economy (a.k.a. the Black Market) is a monetized economy that is not subject to formal monitoring, regulation, and extraction of labour through taxation. The underground economy may be contrasted with the informal economy and the official 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

References

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