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Business Environment, 2nd Edition by Shaikh Saleem

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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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