Official Economy

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Official Economy

The Official Economy is the economy that is recorded, monitored, and policed by those in power, usually with an eye towards extracting labour time through taxation. The official economy may be contrasted with the informal economy and the underground economy.

Concept Map

Key Terms

World System >

• Comprehensive Framework
• Human Development Framework
• Institutional Structure

Institutional Structures >

• Productive Structure
• Economic Structure
• Communication Structure
• Educational Structure
• Administrative Structure

Economic Structures >

• Barter
• Economy
• Money

Economy >

• Informal Economy
• Monetized Economy
• Official Economy
• Underground Economy

Syncretic Terms

Economy >

Related LP Terms

Economy >

Official Economy >

Non-LP Related Terms

Official Economy >

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References