A significant part of economic activity in developing nations occurs in the _____ economy, which consists of small businesses that largely are unreported, are unregulated, and lack property rights.
A) nonmarket
B) formal
C) underground
D) illegal

Question

Quizplus · Accepted Answer

The underground economy consists of small, unreported, and unregulated businesses that often lack formal property rights, which is a significant characteristic of economic activity in developing nations.

A Significant Part of Economic Activity in Developing Nations Occurs