174k views
3 votes
The unreported or illegal production of goods and services in the economy that is not counted in gdp is termed:

User Will Ray
by
8.0k points

1 Answer

7 votes
It is the underground economy. The underground economy alludes to illicit financial action. Exchanges in the underground economy are illicit either in light of the fact that the great or administration being exchanged is itself unlawful or in light of the fact that a generally licit exchange does not agree to government revealing necessities. The main class incorporates medications and prostitution in many wards.
User Gtlambert
by
8.4k points