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What is Informal Economy

Chapter 7
Learning Cities, Town Planning, and the Creation of Livelihoods
Informal economy comprises workers who work as daily wage earners or for self and are not covered under any social security measures.
Published in Chapter:
Street Vending: A Case of Economic Adaptation of the “Paanwalas” in Indian Cities
Arwah Madan (St. Mira's College for Girls, India)
Copyright: © 2019 |Pages: 16
DOI: 10.4018/978-1-5225-8134-5.ch007
Abstract
The focus of this chapter is on the ingenious transformation of the Indian betel leaf vendor (paanwala)'s business. The “paanwala” who used to concentrate on the sale of betel leaf (paan) only has begun to engage in a diversified street vending. In fact, the sale of the “paan” itself has now been relegated to the background in favor of more modern and sophisticated items. This chapter reports on a study conducted among 174 betel leaf sellers in Pune. The findings of the study revealed that 80% of the sellers were aged between 18 and 45years. They have diversified the items in their boxes to include tobacco products and other modern confectioneries. Although the “paanwalas” stated that they were making fairly good livelihood out of their work, they continue to face such difficulties as harassment from local authorities and denial of right of ownership of property. It is recommended that a partnership between the “paanwalas” and the companies would assist in promoting innovation among the paanwalas.
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Chapter 2
Background to Migration: Africa's Informal Economy – Structural and Governance Issues
Is a broad term that refers to many aspects of a country’s economy that are not regulated by law, not taxed, or monitored tightly by government and are not included in the gross national product of the country.
Published in Chapter: Background to Migration: Africa's Informal Economy – Structural and Governance Issues; From: The Evolution of Black African Entrepreneurship in the UK
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Chapter 5
The Informal Economy in Developing Societies: Implications for the Learning Cities Concept
Self-employment that is neither regulated, measured or taxed by the country where it occurs. Examples include small production and distribution of goods and services.
Published in Chapter: The Informal Economy in Developing Societies: Implications for the Learning Cities Concept; From: Learning Cities, Town Planning, and the Creation of Livelihoods
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Chapter 6
The Informal and Illegal Entrepreneurship
Refers to all legal but unofficial goods and labor markets where labor is hugely diverse and incomes are not declared and are not typically wage dependent.
Published in Chapter: The Informal and Illegal Entrepreneurship; From: The Evolution of Black African Entrepreneurship in the UK
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Chapter 5
Successfully Starting and Growing Black Businesses: For Entrepreneurs and Educators
A portion of a nation’s economy that includes businesses that are not formally registered, taxed, licensed, and regulated. This segment of the economy includes the unregistered trade of both legitimate and illegitimate products and services.
Published in Chapter: Successfully Starting and Growing Black Businesses: For Entrepreneurs and Educators; From: Sustainability and the Future of Work and Entrepreneurship for the Underserved
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Chapter 9
Turkey's Economic Sustainability in Global Hypercompetition
Unregistered economic activity which is performed largely by undocumented workers. Also known as the “underground economy”.
Published in Chapter: Turkey's Economic Sustainability in Global Hypercompetition; From: Handbook of Research on Impacts of International Business and Political Affairs on the Global Economy
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Chapter 10
Tool for the Financial Inclusion of Informal Retailers in Colombia
This concept is relatively recent and is associated with alternative forms of production caused by lack of opportunities, deficiencies in education and the productive apparatus, excluding regulations in the financial and labor system in favor of certain population groups and economic sectors. This issue arises mainly in the urban sphere of many poor or developing countries, due to the appearance of spontaneous activities in response to problems associated with unemployment, precarious employment and lack of opportunities in the labor market. However, there has been a conceptual change from the informal sector to the informal economy as explained by the ILO to support the statistical measurement of informal sector activities ( http://www.ilo.org/wcmsp5/groups/public/---dgreports/---stat/documents/publication/wcms_501585.pdf ).
Published in Chapter: Tool for the Financial Inclusion of Informal Retailers in Colombia; From: Emerging Tools and Strategies for Financial Management
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