Max spends most of his time in the house taking care of his children and his sister's children.He cooks for them,takes them to school,and keeps an eye on them when they get out of school in the afternoons and in the summertime.In exchange for this help,his sister lends his family an extra apartment she has in her multi-family home.What is the term that sociologists use to refer to this kind of transaction?

Question

Quizplus · Accepted Answer

This type of transaction is part of the informal economy, where goods and services are exchanged without formal contracts or government regulation.

Max Spends Most of His Time in the House Taking