The economic activities not a part of the official record and that take place outside official systems of regulation or remuneration make up the ________ sector of the economy and tend to be an important part of urban economic life around the world.
A) informal
B) underground
C) black market
D) market
E) formal

Question

Quizplus · Accepted Answer

The term "informal" refers to economic activities that are not recorded in official systems, are not regulated, and do not typically provide official remuneration, but are nonetheless an important part of urban economic life around the world. The other options, such as "underground" and "black market," imply illegality or illicit activity, which may not always be the case with informal economic activity. Therefore, choice A is the best answer.

The Economic Activities Not a Part of the Official Record