What does the term shadow economy mean


Assignment:

Read the article:

The shadow economy in industrial countries By Dominik H. Enste

https://wol.iza.org/articles/shadow-economy-in-industrial-countries/long

In your initial response to the topic you have to answer all questions:

1. What does the term ‘shadow economy' mean?

2. How does the shadow economy affect GDP in different countries?

3. What are the main factors influencing the shadow economy?

4. Why is the shadow economy a challenge for the governments?

5. Reflection - the students also should include a paragraph in the initial response in their own words reflecting on specifically what they learned from the assignment and how they think they could apply what they learned in the workplace.

Please also note that your answers should be written in your own words. Don't use quotes from the articles.

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Microeconomics: What does the term shadow economy mean
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