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Shadow Entrepreneurship - Coggle Diagram
Shadow Entrepreneurship
P
consideration is needed
to monitor the quality of services
taking into account
potential adverse effects of SE
over the long term
for benefit of consumer
beyond the reach of law
makes SE vulnerable
to corrupt govt officials
Govt policies
help shadow economy entrepreneurs
transition to formal economy
SE
less likely
to innovate
accumulate capital
and invest in the economy
E
SE
individual who manage business
sells legitimate goods and services
but dont
register their businesses
means
do not pay tax
operating in a shadow economy
where business activity
performed outside
reach of govt authorities
hampering economic growth
S & E
SE
unfair competition
to registered businesses
and also poor productivity