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Informal sector

Index Informal sector

The informal sector, informal economy, or grey economy is the part of an economy that is neither taxed nor monitored by any form of government. [1]

76 relations: Agorism, Agriculture, Anthropology, Asia, Audit, Black market, Cato Institute, Colombia, Contingent work, Counter-economics, Crime, Developing country, Domestic worker, Economic growth, Economic liberalization, Edgar L. Feige, Employment, European Single Market, European Union, Fiscal capacity, Free entry, Gender inequality, Ghana, Globalization, Grey market, Gross domestic product, Gross national product, Hawker (trade), Hernando de Soto Polar, Homogeneity and heterogeneity, India, Industry, International Labour Organization, Keith Hart (anthropologist), Kenya, Labour economics, Latin America, Legal person, Lima, Maastricht Treaty, Madeleine Albright, Madrid, Mario Vargas Llosa, Mercantilism, Modernization theory, Neil Smelser, New York City, Post-Fordism, Poverty, Public service, ..., Ragpicker, Richard Swedberg, Rotating savings and credit association, Saskia Sassen, Secondary sector of the economy, Sociology, Sub-Saharan Africa, Substantivism, Sumer, Swedish International Development Cooperation Agency, System D, Tax noncompliance, The Economist, Trade name, Trade union, Trevor S. Breusch, Unemployment, UNICEF, Unreported employment, Urban planning, Uruguay, Virtual economy, W. Arthur Lewis, WIEGO, Workforce, World Development (journal). Expand index (26 more) »


Agorism is a libertarian social philosophy that advocates creating a society in which all relations between people are voluntary exchanges by means of counter-economics, thus engaging with aspects of peaceful revolution.

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Agriculture is the cultivation of land and breeding of animals and plants to provide food, fiber, medicinal plants and other products to sustain and enhance life.

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Anthropology is the study of humans and human behaviour and societies in the past and present.

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Asia is Earth's largest and most populous continent, located primarily in the Eastern and Northern Hemispheres.

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An audit is a systematic and independent examination of books, accounts, statutory records, documents and vouchers of an organization to ascertain how far the financial statements as well as non-financial disclosures present a true and fair view of the concern.

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Black market

A black market, underground economy, or shadow economy is a clandestine market or transaction that has some aspect of illegality or is characterized by some form of noncompliant behavior with an institutional set of rules.

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Cato Institute

The Cato Institute is an American libertarian think tank headquartered in Washington, D.C. It was founded as the Charles Koch Foundation in 1974 by Ed Crane, Murray Rothbard, and Charles Koch, chairman of the board and chief executive officer of the conglomerate Koch Industries.

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Colombia, officially the Republic of Colombia, is a sovereign state largely situated in the northwest of South America, with territories in Central America.

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Contingent work

Contingent work or casual work is an employment relationship which is considered non-permanent.

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Counter-economics is a term originally used by libertarian activists and theorists Samuel Edward Konkin III and J. Neil Schulman.

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In ordinary language, a crime is an unlawful act punishable by a state or other authority.

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Developing country

A developing country (or a low and middle income country (LMIC), less developed country, less economically developed country (LEDC), underdeveloped country) is a country with a less developed industrial base and a low Human Development Index (HDI) relative to other countries.

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Domestic worker

A domestic worker, domestic helper, domestic servant, manservant or menial, is a person who works within the employer's household.

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Economic growth

Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time.

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Economic liberalization

Economic liberalization (or economic liberalisation) is the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities; the doctrine is associated with classical liberalism.

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Edgar L. Feige

Edgar L. Feige (born 19 September 1937) is an emeritus professor of economics at the University of Wisconsin–Madison.

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Employment is a relationship between two parties, usually based on a contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or other entity is the employer and the other is the employee.

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European Single Market

The European Single Market, Internal Market or Common Market is a single market which seeks to guarantee the free movement of goods, capital, services, and labour – the "four freedoms" – within the European Union (EU).

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European Union

The European Union (EU) is a political and economic union of EUnum member states that are located primarily in Europe.

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Fiscal capacity

Fiscal capacity is the ability of the state to extract revenues to provide public goods and carry out other functions of the state, given an administrative, fiscal accounting structure.

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Free entry

In economics, free entry is a condition in which firms can freely enter the market for an economic good by establishing production and beginning to sell the product.

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Gender inequality

Gender inequality is the idea and situation that women and men are not equal.

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Ghana, officially the Republic of Ghana, is a unitary presidential constitutional democracy, located along the Gulf of Guinea and Atlantic Ocean, in the subregion of West Africa.

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Globalization or globalisation is the process of interaction and integration between people, companies, and governments worldwide.

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Grey market

A grey or gray market (sometimes confused with the similar term parallel market) refers to the trade of a commodity through distribution channels that are legal but unintended by the original manufacturer or trade mark proprietor.

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Gross domestic product

Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time.

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Gross national product

Gross national product (GNP) is the market value of all the goods and services produced in one year by labor and property supplied by the citizens of a country.

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Hawker (trade)

A hawker is a vendor of merchandise that can be easily transported; the term is roughly synonymous with peddler or costermonger.

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Hernando de Soto Polar

Hernando de Soto Polar (or Hernando de Soto; born 1941) is a Peruvian economist known for his work on the informal economy and on the importance of business and property rights.

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Homogeneity and heterogeneity

Homogeneity and heterogeneity are concepts often used in the sciences and statistics relating to the uniformity in a substance or organism.

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India (IAST), also called the Republic of India (IAST), is a country in South Asia.

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Industry is the production of goods or related services within an economy.

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International Labour Organization

The International Labour Organization (ILO) is a United Nations agency dealing with labour problems, particularly international labour standards, social protection, and work opportunities for all.

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Keith Hart (anthropologist)

Keith Hart (born 1943 in Manchester, England) is International Director of the Human Economy Programme at the University of Pretoria and lives in Paris with his family.

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Kenya, officially the Republic of Kenya, is a country in Africa with its capital and largest city in Nairobi.

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Labour economics

Labour economics seeks to understand the functioning and dynamics of the markets for wage labour.

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Latin America

Latin America is a group of countries and dependencies in the Western Hemisphere where Spanish, French and Portuguese are spoken; it is broader than the terms Ibero-America or Hispanic America.

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Legal person

A legal person (in legal contexts often simply person, less ambiguously legal entity) is any human or non-human entity, in other words, any human being, firm, or government agency that is recognized as having privileges and obligations, such as having the ability to enter into contracts, to sue, and to be sued.

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Lima (Quechua:, Aymara) is the capital and the largest city of Peru.

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Maastricht Treaty

The Treaty on European Union (TEU; also referred to as the Treaty of Maastricht is one of two treaties forming the constitutional basis of the European Union (EU), the other being the Treaty on the Functioning of the European Union (TFEU; also referred to as the Treaty of Rome). The TEU was originally signed on 7 February 1992 by the members of the European Community in Maastricht, Netherlands to further European integration. On 9–10 December 1991, the same city hosted the European Council which drafted the treaty. Upon its entry into force on 1 November 1993 during the Delors Commission, it created the three pillars structure of the European Union and led to the creation of the single European currency, the euro. TEU comprised two novel titles respectively on Common Foreign and Security Policy and Cooperation in the Fields of Justice and Home Affairs, which replaced the former informal intergovernmental cooperation bodies named TREVI and European Political Cooperation on EU Foreign policy coordination. In addition TEU also comprised three titles which amended the three pre-existing community treaties: Treaty establishing the European Atomic Energy Community, Treaty establishing the European Coal and Steel Community, and the Treaty establishing the European Economic Community which had its abbreviation renamed from TEEC to TEC (being known as TFEU since 2007). The Maastricht Treaty (TEU) and all pre-existing treaties, has subsequently been further amended by the treaties of Amsterdam (1997), Nice (2001) and Lisbon (2009).

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Madeleine Albright

Madeleine Jana Korbel Albright (born May 15, 1937) is an American politician and diplomat.

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Madrid is the capital of Spain and the largest municipality in both the Community of Madrid and Spain as a whole.

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Mario Vargas Llosa

Jorge Mario Pedro Vargas Llosa, 1st Marquess of Vargas Llosa (born March 28, 1936), more commonly known as Mario Vargas Llosa, is a Peruvian writer, politician, journalist, essayist and college professor.

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Mercantilism is a national economic policy designed to maximize the trade of a nation and, historically, to maximize the accumulation of gold and silver (as well as crops).

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Modernization theory

Modernization theory is used to explain the process of modernization within societies.

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Neil Smelser

Neil Joseph Smelser (July 22, 1930 – October 2, 2017) was an emeritus professor of sociology at the University of California, Berkeley.

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New York City

The City of New York, often called New York City (NYC) or simply New York, is the most populous city in the United States.

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Post-Fordism is the dominant system of economic production, consumption, and associated socio-economic phenomena in most industrialized countries since the late 20th century.

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Poverty is the scarcity or the lack of a certain (variant) amount of material possessions or money.

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Public service

Public service is a service which is provided by government to people living within its jurisdiction, either directly (through the public sector) or by financing provision of services.

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A Rag-picker, or Chiffonnier, is term for someone who makes a living by rummaging through refuse in the streets to collect material for salvage.

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Richard Swedberg

Richard Swedberg (born May 18, 1948) is a Swedish sociologist.

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Rotating savings and credit association

A rotating savings and credit association (ROSCA) is a group of individuals who agree to meet for a defined period in order to save and borrow together, a form of combined peer-to-peer banking and peer-to-peer lending.

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Saskia Sassen

Saskia Sassen (born January 5, 1947) is a Dutch-American sociologist noted for her analyses of globalization and international human migration.

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Secondary sector of the economy

The secondary sector of the economy includes industries that produce a finished, usable product or are involved in construction.

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Sociology is the scientific study of society, patterns of social relationships, social interaction, and culture.

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Sub-Saharan Africa

Sub-Saharan Africa is, geographically, the area of the continent of Africa that lies south of the Sahara.

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Substantivism is a position, first proposed by Karl Polanyi in his work The Great Transformation (1944), which argues that the term 'economics' has two meanings.

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SumerThe name is from Akkadian Šumeru; Sumerian en-ĝir15, approximately "land of the civilized kings" or "native land".

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Swedish International Development Cooperation Agency

The Swedish International Development Cooperation Agency (Styrelsen för Internationellt Utvecklingssamarbete, Sida) is a government agency of the Swedish Ministry for Foreign Affairs.

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System D

System D is a shorthand term that refers to a manner of responding to challenges that requires one to have the ability to think fast, to adapt, and to improvise when getting a job done.

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Tax noncompliance

Tax noncompliance is a range of activities that are unfavorable to a state's tax system.

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The Economist

The Economist is an English-language weekly magazine-format newspaper owned by the Economist Group and edited at offices in London.

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Trade name

A trade name, trading name, or business name is a pseudonym frequently used by companies to operate under a name different from their registered, legal name.

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Trade union

A trade union or trades union, also called a labour union (Canada) or labor union (US), is an organization of workers who have come together to achieve many common goals; such as protecting the integrity of its trade, improving safety standards, and attaining better wages, benefits (such as vacation, health care, and retirement), and working conditions through the increased bargaining power wielded by the creation of a monopoly of the workers.

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Trevor S. Breusch

Trevor Stanley Breusch (born c. 1953) was until his retirement Professor of Econometrics and Deputy Director of Crawford School of Public Policy at the Australian National University.

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Unemployment is the situation of actively looking for employment but not being currently employed.

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The United Nations Children's Fund (UNICEF) is a United Nations (UN) program headquartered in New York City that provides humanitarian and developmental assistance to children and mothers in developing countries.

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Unreported employment

Unreported employment; working under the table, off the books, cash-in-hand, or (in UK English) moonlighting, is employment that is not reported to the government.

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Urban planning

Urban planning is a technical and political process concerned with the development and design of land use in an urban environment, including air, water, and the infrastructure passing into and out of urban areas, such as transportation, communications, and distribution networks.

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Uruguay, officially the Oriental Republic of Uruguay (República Oriental del Uruguay), is a sovereign state in the southeastern region of South America.

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Virtual economy

A virtual economy (or sometimes synthetic economy) is an emergent economy existing in a virtual world, usually exchanging virtual goods in the context of an Internet game.

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W. Arthur Lewis

Sir William Arthur Lewis (23 January 1915 – 15 June 1991) was a Saint Lucian economist well known for his contributions in the field of economic development.

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Women in Informal Employment: Globalizing and Organizing (WIEGO) is a global research - policy network that states as its aim to improve the status of the working poor, especially women, in the informal economy.

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The workforce or labour force (labor force in American English; see spelling differences) is the labour pool in employment.

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World Development (journal)

World Development is a monthly peer-reviewed academic journal covering development studies.

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Formal economy, Formal employment, Formal sector, Gray economies, Gray economy, Grey economies, Grey economy, Informal economies, Informal economy, Informal employment, Informal market, Informal sectors, Second economies, Second economy, Unorganised sector, Unorganized sector.


[1] https://en.wikipedia.org/wiki/Informal_sector

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