In developing economies, the fraction of the economy in non-market transactions can be as much as

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In developing economies, the fraction of the economy in non-market transactions can be as much as 50 percent. Non-market transactions refer to economic activities that do not involve the exchange of money, such as bartering, subsistence agriculture, and unpaid work of family members. Developing economies tend to have a large informal sector, which makes up a significant portion of non-market transactions.

In Developing Economies, the Fraction of the Economy in Non-Market