Concept information
Preferred term
underground economy
Definition
- The term underground economy refers to economic activities that circumvent the formal system of rules and regulations that organize the processes of production and exchange. Underground economies are classified depending on either the particular set of rules that such activities violate or the nature of production, distribution, and the final product. [Source: Encyclopedia of Social Problems; Underground Economy]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/underground_economy
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