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Informal economy
INFORMAL ECONOMY

Definition: The diversified set of economic activities, enterprises, jobs and workers that are not regulated or protected by the state.
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* All nine elements would be in.


1. Purposeful - they have to survive!

2. Necessary - survivalists blameless.

3. Activities are specific and identifiable.

4. Performance measurable or assessable.

5. Reporting and accounting institutions are available.

6. Responsibilities being shirked by official regulators.

7. Business location or environment surely safe and secure.

8. Thriving, booming constantly; serving required purpose(s).

9. Substantial loss suffered as the consequence of informality.
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Quote: "When you are consumed by thoughts, write. When you are uninspired, read". - Author Unknown.

LAWS OFF. [See perfect informality (1).]

Quotation: "Even when we are programmed for successes, we should as well try to acquire enough trainings to handle failures". - Ajewole Idowu.

RULES ON. [See perfect informality (4).]

Quotable quote: "If you want to eliminate hunger, everybody has to be involved". - Bono.

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