Definition of Underground Economy
Examples of Underground Economy
- black markets
- garage sales
- prostitution rings
- undocumented laborers
- unlicensed contractors
Underground Economy Pronunciation
- IPA Pronunciation
- Syllabification: (un·der·ground e·con·o·my)
- Plural: underground economies
- Underground economies are informal and hidden, they can also be black markets.
- Underground economies operate outside of the State, thus without regulations to protect people from harm and exploitation.
- Economic Sociology Resources – Books, Journals, and Helpful Links
- Word origin of “underground” and “economy” – Online Etymology Dictionary: etymonline.com
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Schaefer, Richard. 2013. Sociology: A Brief Introduction. 10th ed. New York: McGraw-Hill.
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Thompson, William E., and Joseph V. Hickey. 2012. Society in Focus: An Introduction to Sociology. 7th ed. Boston: Allyn & Bacon.
Wikipedia contributors. (N.d.) Wikipedia, The Free Encyclopedia. Wikimedia Foundation. (https://en.wikipedia.org/).
Wiley. (N.d.) Wiley Online Library. (http://onlinelibrary.wiley.com/).
ASA – American Sociological Association (5th edition)
Bell, Kenton, ed. 2013. “underground economy.” In Open Education Sociology Dictionary. Retrieved August 21, 2019 (https://sociologydictionary.org/underground-economy/).
APA – American Psychological Association (6th edition)
underground economy. (2013). In K. Bell (Ed.), Open education sociology dictionary. Retrieved from https://sociologydictionary.org/underground-economy/
Chicago/Turabian: Author-Date – Chicago Manual of Style (16th edition)
Bell, Kenton, ed. 2013. “underground economy.” In Open Education Sociology Dictionary. Accessed August 21, 2019. https://sociologydictionary.org/underground-economy/.
MLA – Modern Language Association (7th edition)
“underground economy.” Open Education Sociology Dictionary. Ed. Kenton Bell. 2013. Web. 21 Aug. 2019. <https://sociologydictionary.org/underground-economy/>.