Sunday, April 29, 2012

32 - Underground Economy

.Underground Economy - CrCo > .

● Economic Principles ..

What is an underground economy? Whether you call it a black market, a grey market, or just the shop down the street, its about connecting people with goods outside of official channels. Some stuff happens in the underground economy because it's illegal, but a lot of the money that moves around this way is exchanged for pretty mundane goods and services. How do these things work? What are the awesome ways that economists figure out where all that money is?

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