January 2010
Intermediate to advanced
820 pages
38h 30m
English
Content preview from Business Environment, 2nd Edition
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CHAPTER 16
Problems of Growth
CHAPTER OUTLINE
PARALLEL ECONOMY
Parallel economy connotes the functioning of an unsanctioned sector in the economy, whose objectives run parallel, rather in contradiction with the avowed social objectives. This is variously referred to as black economy, unaccounted economy, illegal economy, subterranean economy, or unsanctioned economy. The term “parallel economy” emphasises a confrontation between the objectives of the legitimate and illegitimate sectors.
This is variously referred to as black economy, unaccounted economy, illegal economy, subterranean economy, or unsanctioned economy.
Review of the Various Estimates ...
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