Please, help me. ENGLISH is not my first languge, it's different to me.
2007-10-17 06:55:41 · 2 answers · asked by bad gambler 1 in Science & Mathematics ➔ Geography
In economics, the term informal economy refers to the general market income category (or sector) where certain types of income and the means of their generation are "unregulated by the institutions of society, in a legal and social environment in which similar activities are regulated."
2007-10-17 07:02:11 · answer #1 · answered by m.charlee 3 · 0⤊ 0⤋
In other words, when your neighbor asks to borrow your ladder and pays you back by giving you roast corn off the grill or she takes care of your kids a couple of days a week so you have time to yourself and you do the same for her that is part of the informal economy. When you pay the neighbor's kid ten bucks to mow your lawn, that is not.
2007-10-20 20:56:48 · answer #2 · answered by Mike1942f 7 · 0⤊ 0⤋