Entrepreneurship marketing in informal economies

Anayo D. Nkamnebe; Nnamdi O. Madichie

doi:10.4324/9780203838648

Entrepreneurship marketing in informal economies

Anayo D. Nkamnebe^*, Nnamdi O. Madichie

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Chapter

1 Citation (Scopus)

Abstract

The informal economy refers to the paid production and sale of goods and services which are unregistered by, or hidden from, the state for tax and/or benefit purposes but which may still be legal in all other respects (European Commission, 1998; Portes, 1994; Thomas, 1992; Williams and Windebank, 1998). As such, the informal economy includes only paid work that is illegal because of its non-declaration to the state for tax and/or social security purposes. Paid work in which the good and/or service itself is illegal (e.g. drug trafficking) is thus considered unpaid work (Williams, 2007).

Original language	English
Title of host publication	Entrepreneurship marketing
Subtitle of host publication	principles and practice of SME marketing
Editors	Sonny Nwankwo, Ayantunji Gbadamosi
Place of Publication	Abingdon
Publisher	Routledge
Chapter	26
Pages	418-433
Number of pages	16
ISBN (Electronic)	9780203838648
ISBN (Print)	9780415573764, 9780415573757
DOIs	https://doi.org/10.4324/9780203838648
Publication status	Published - 26 Nov 2010
Externally published	Yes

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AB - The informal economy refers to the paid production and sale of goods and services which are unregistered by, or hidden from, the state for tax and/or benefit purposes but which may still be legal in all other respects (European Commission, 1998; Portes, 1994; Thomas, 1992; Williams and Windebank, 1998). As such, the informal economy includes only paid work that is illegal because of its non-declaration to the state for tax and/or social security purposes. Paid work in which the good and/or service itself is illegal (e.g. drug trafficking) is thus considered unpaid work (Williams, 2007).

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Entrepreneurship marketing in informal economies

Abstract

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