What is another word for informal economy?
Pronunciation: [ɪnfˈɔːmə͡l ɪkˈɒnəmi] (IPA) 
The term "informal economy" is often used to refer to economic activities that take place outside of formal government regulation and taxation. However, there are many other words and phrases that can be used to describe similar economic practices. Some people might refer to such activities as the "underground economy," the "gray economy," or the "shadow economy." Others might use terms like "irregular economy," "non-registered economy," or "off-the-books economy." Still others might use more region-specific terms, like the "jugaad economy" in India or the "bacô economy" in Brazil. Each of these terms captures a different aspect of the informal economy and can be used to help policymakers and researchers better understand the complex nature of these economic practices.
