Underground Economy

542 Words2 Pages

This research will look on the concept of the underground economy, a global phenomenon that can be observed in our society, and will focus on its effect on the condition of the involved groups and to determine its reality in the community of Baguio city. While there is a confusion on the real definition of the underground economy, its connection with illegal transactions that works in the “dark”, it is important to emphasize the part of the underground economy that is more ideal to analyzed which is the kind of business we can witness in the streets. I’m talking about the part that exposes the poverty and unemployment situation in the country, those who earn income and do not pay taxes to satisfy their family’s physiological needs on a daily basis. In order to understand the purpose of the research, the big picture shows that it shares a big portion of the country’s gross national product which estimates up to 43.4 percent in 2000 according to a report of the Trade Union Congress of the Philippines.
As supported by the statistics, it can be considered to be a factor in interpreting ...

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