1. Reason for the Growth of Informal Economies
... By making use of informal distribution networks, industries eliminate the substantial cost of maintaining a permanent sales force (Portes, Sassen-Koob 19XX p. 38). Our capitalist thirst for profit has encouraged exploitation of minorities and underdeveloped countries such as Nike in China and sweatshops in Mexico. Individuals also have the opportunity to benefit in this volatile environment. ... Therefore it is my submission that due to the instability and inequality existing within the formal economy, informal businesses are an attractive alternative. Cheap production and distribution a...
- Word Count: 1658
- Approx Pages: 7
- Grade Level: High School