Exploring the underground economy
Exploring the Hidden Economy: An In-Depth StudyThe term underground economy often elicits images of shadowy dealings in dimly lit alleyways. However, the reality of this economic system is both more mundane and intricate. The underground economy—sometimes referred to as the shadow or informal economy—includes all economic activities that are not regulated by the government, and thus, not included in a country’s official Gross Domestic Product (GDP).Features of the Hidden EconomyThe shadow economy encompasses actions that, though frequently lawful, proceed without governmental supervision. This absence of control implies these activities remain untaxed and undocumented. Typical instances involve businesses operating solely with…







