A network of people producing and circulating marketable commodities, labor, and services that for various reasons escape government control is called a(n):

Question

​A network of people producing and circulating marketable commodities, labor, and services that for various reasons escape government control is called a(n):

Quizplus · Accepted Answer

An informal economy is a network of people producing and circulating marketable commodities, labor, and services that for various reasons escape government control. The black market may be a subset of the informal economy, but it specifically refers to illegal activities. The terms "prestige economy" and "inconspicuous marketplace" are not commonly used in economics literature to describe the informal economy.

​A Network of People Producing and Circulating Marketable Commodities, Labor

A Network of People Producing and Circulating Marketable Commodities, Labor