Geography GCSE
Informal Economy
What Informal Economy means in Geography GCSE, as defined for Pearson Edexcel.
Definitions of Informal Economy
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
Employment outside the official knowledge of the government. It is unregulated, untaxed, and offers no worker protections.
Employment that is not regulated or taxed by the government, offering no job security or benefits.
Employment outside official knowledge or control, with no taxes paid and no worker protections.
The part of any economy that is neither taxed nor monitored by any form of government.
Topics that use Informal Economy
- Rapid growth, within the chosen developing country or emerging country city, results in a number of challenges that need to be managed (Pearson Edexcel GCSE)
- The character of the chosen developing country or emerging country city is influenced by its fast rate of growth (Pearson Edexcel GCSE)
- There are positive and negative impacts of rapid development for the people and environment of the chosen developing or emerging country (Pearson Edexcel GCSE)
- Uneven global development has had a range of consequences (Pearson Edexcel GCSE)
Related terms
- Bottom-Up Approach
- Digital Divide
- Emerging Economy
- Foreign Direct Investment (FDI)
- Gini Coefficient
- Human Development Index (HDI)
- Informal Settlement
- Informal Settlement (Favela/Slum)
Using Informal Economy in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
Practise Geography questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Geography GCSE terms7 days Premium · Then free forever · No card, no charge