Live revision! Join us for our free exam revision livestreams Watch now

Topics

Informal economy

An informal economy is a sector of any economy that is neither taxed nor monitored by any form of government. This can include informal labour markets. GDP often does not accurately pick up the value of the output of goods and services produced and incomes earned in informal sectors.

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.