America's Underground Economy
International Underground Economy Market
Ronnie Williams
University of the District of Columbia
Professor Etta
Essay Project
Americas Underground Economy Market
In international counties, the unemployment rate has given society no sense of hope but there has been an alternative source to boost their spirits. The underground market has been a resource for individuals to gain a taste of some tangible dividends. Also the underground market has helped the economy growth significantly given the sluggish recovery in the U.S. unemployment situation. With this notion, what is the underground market? And what are the entities of this resource? The underground economy is goods or services are traded illegally! It consist of criminal nature, such as smuggling, counterfeiting, prostitution, drug dealing, and gambling, but also includes legitimate lines of work (Heide B. Malhotra, 2000-2005).
The international countries alone trades an estimated total of $625.63 billion a year all completely under the table, and, of course, tax free. A billion dollars is a lot of money. But when you multiply that figure by 6, that’s more money than the combined Gross Domestic Product GDP of a few small countries combined. Whether cigarettes or movies or body parts, it’s being traded, and there are no signs of it stopping. These 8 industries are the most prolific on the international countries black market, according to figures reported by Statisticbrain.com taken from sources including the FBI and the United Nations.
The international countries recession has pushed more of its workforce into this informal market. Some of the activities are illegal, drug sales, stolen good exchanges, bootlegging, gambling, prostitution and unauthorized immigrant labor (SmartAssets, 2014). Although these commodities are largely banned from the marketplace, people in America spend a lot of money on them, particularly illegal drugs (SmartAssets, 2014). Workers turn to anything that pays them
Ronnie Williams
University of the District of Columbia
Professor Etta
Essay Project
Americas Underground Economy Market
In international counties, the unemployment rate has given society no sense of hope but there has been an alternative source to boost their spirits. The underground market has been a resource for individuals to gain a taste of some tangible dividends. Also the underground market has helped the economy growth significantly given the sluggish recovery in the U.S. unemployment situation. With this notion, what is the underground market? And what are the entities of this resource? The underground economy is goods or services are traded illegally! It consist of criminal nature, such as smuggling, counterfeiting, prostitution, drug dealing, and gambling, but also includes legitimate lines of work (Heide B. Malhotra, 2000-2005).
The international countries alone trades an estimated total of $625.63 billion a year all completely under the table, and, of course, tax free. A billion dollars is a lot of money. But when you multiply that figure by 6, that’s more money than the combined Gross Domestic Product GDP of a few small countries combined. Whether cigarettes or movies or body parts, it’s being traded, and there are no signs of it stopping. These 8 industries are the most prolific on the international countries black market, according to figures reported by Statisticbrain.com taken from sources including the FBI and the United Nations.
The international countries recession has pushed more of its workforce into this informal market. Some of the activities are illegal, drug sales, stolen good exchanges, bootlegging, gambling, prostitution and unauthorized immigrant labor (SmartAssets, 2014). Although these commodities are largely banned from the marketplace, people in America spend a lot of money on them, particularly illegal drugs (SmartAssets, 2014). Workers turn to anything that pays them