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A black market, underground economy, or shadow economy is a clandestine market or series of transactions that has some aspect of illegality or is not compliant with an institutional set of rules. If the rule defines the set of goods and services whose production and distribution is prohibited or restricted by law, non-compliance with the rule constitutes a black-market trade since the ...
Informal economy: Haircut on a sidewalk in Vietnam. An informal economy (informal sector or grey economy) [1][2] is the part of any economy that is neither taxed nor monitored by any form of government. Although the informal sector makes up a significant portion of the economies in developing countries, it is sometimes stigmatized as ...
Reefer Madness: Sex, Drugs, and Cheap Labor in the American Black Market is a book written by Eric Schlosser and published in 2003. The book is a look at the three pillars of the underground economy of the United States, estimated by Schlosser to be ten percent of U.S. GDP: marijuana, migrant labor, and pornography.
The United States is a highly developed mixed economy. [ 40 ][ 41 ][ 42 ] It is the world's largest economy by nominal GDP; it is also the second largest by purchasing power parity (PPP), behind China. [ 43 ] It has the world's sixth highest per capita GDP (nominal) and the eighth highest per capita GDP (PPP) as of 2024. [ 9 ] The U.S. accounted for 26% of the global economy in 2023 in nominal ...
Coal mining is an industry in transition in the United States. Production in 2019 was down 40% from the peak production of 1,171.8 million short tons (1,063 million metric tons) in 2008. Employment of 43,000 coal miners is down from a peak of 883,000 in 1923. [ 1 ] Generation of electricity is the largest user of coal, being used to produce 50% ...
The US economy added 818,000 fewer jobs to the economy than initially reported from April 2023 through March 2024.
The Household Electricity Approach to measuring the size of the underground economy or black market of a country exploits the presumed relationship between household electrical consumption and a country's GDP. It assumes that undeclared economic activity still needs to use resources, such as electricity, to function.
Number of establishments by sector in the United States economy in 1997, 2002, and 2007. Value of sales, shipments, receipts, revenue, or business done by sector in the United States economy in 1997, 2002, and 2007. Annual payroll by sector in the United States economy in 1997, 2002, and 2007.