Ahmet Kirca,a college student,is employed by a textile company in Istanbul,Turkey during the summer.The company that he works for is not registered with the government.The company does not pay taxes to the government.Ahmet does not report his income on his annual tax return.Ahmet is working in the ____.

Question

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Ahmet is working in the informal economy, which consists of activities that are not regulated by the government and are not reflected in official economic statistics. The company's lack of registration and tax payment, as well as Ahmet's failure to report his income, indicate that they are operating in the informal economy.

Ahmet Kirca,a College Student,is Employed by a Textile Company in Istanbul,Turkey