 The Informal Sector Many of the names by which the 'informal' sector is called - as listed below - essentially characterizes it in terms of what it is not: it is not the formal sector (non-formal), it is not controlled by the government (non-plan, hidden, unofficial, unrecorded), it is not legal (iilegal, black, shadow) and it is not taxable (unrecorded, parallel). But recent research and exploration on the issue has resulted in a more benign approach, where the names and definitions have used the characteritics of the sector itself (casual, family enterprise). Some emphasize its poverty focus (subsistence, petty comodity, one-person entreprize) as well as its 'temporary' nature (transient, intermediate). In reality, it is all of these taken together, that define all the characteristics of the sector!
Black Market
Casual Work Clandestine Activities Community of the Poor Family-enterprise Sector Hidden Sector Informal Economy Informal Opportunities Informal Sector Intermediate Sector Invisible Sector Irregular Sector Lower-circuit of the Urban Economy Non-Plan Activities Non-Westernized Sector One-Person Enterprise Parallel economy People's Economy Petty Commodity Production Shadow Economy Trade-Service Sector Transient sector Underground Economy Unobserved Economy Unofficial Economy Unorganized Sector Unrecorded Economic Activities Unremunerated Sector Unstructured Sector Urban Subsistence Sector | |
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