INFORMAL MARKET AS A RESULT OF SHADOW ECONOMY  Cover Image

INFORMAL MARKET AS A RESULT OF SHADOW ECONOMY
INFORMAL MARKET AS A RESULT OF SHADOW ECONOMY

Author(s): Tetiana Mostenska
Subject(s): Economy
Published by: Univerzitni servis s.r.o.
Keywords: informal market; shadow economy; the dynamics of economic development

Summary/Abstract: The analysis of the informal market and its impact on the economy of Ukraine is done in the article. The impact of the shadow economy on economic processes at macro and micro levels is significantly different, which was proved. Studies have also shown a significant impact of the informal market on all stages of the production and distribution: at the stage of forming production factors, use of labor in the informal sector, the distribution of finished goods and supplying for the user. The example of grain informal market in Ukraine presented the scope and trend of this economic phenomenon.

  • Issue Year: 4/2015
  • Issue No: 2
  • Page Range: 23-30
  • Page Count: 7