An unlicensed street vendor sells watches, which may have been stolen, from a makeshift stand in New York City's Times Square. Another individual repairs cars for "private" clients in a garage attached to his home. Neither reports their activities to the government. Both of these people are part of

Question

Quizplus · Accepted Answer

The informal economy includes activities that are not regulated by the government and are not reported for tax purposes, such as unlicensed street vending and private car repairs.

An Unlicensed Street Vendor Sells Watches, Which May Have Been