2006-09-24 21:46:15 · 6 answers · asked by teach_hssci 1 in Social Science ➔ Economics
Usually cash only, no taxes paid or garnered.
2006-09-24 21:48:13 · answer #1 · answered by Duncarin 5 · 1⤊ 0⤋
i'd like to add to both previous answers these considerations:
the specific difference between both terms depends on what country (or what echonomical system) you were talking about.
generalizing, the underground economy:
- is possibly missing from official statistics
- is possibly out of taxes circuits and systems
- it may refer to "mercado *****", when some product is hard to get or forbidden, or regulated in some way by the gov.
- it may refer to the whole "trabajo en *****", meaning all the circuits of employment out of the laboral, sindical and health laws
- etc.
2006-09-25 00:57:22 · answer #2 · answered by marumaar 3 · 0⤊ 0⤋
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2006-09-25 02:54:43 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Usually refered to as the "Black Market" where the government gets no money 'cause therer's no taxes.
2006-09-27 09:47:25 · answer #4 · answered by babysweetvee 3 · 0⤊ 0⤋
underground economy
-- no taxes
-- usually illegal activities
2006-09-25 02:26:29 · answer #5 · answered by merkkrem101us 3 · 0⤊ 0⤋
underground is untrackable by govt...barter, drug sales, "off the books" work and such.
2006-09-24 21:47:46 · answer #6 · answered by David B 6 · 0⤊ 0⤋