Beginning of Essay
In this essay I will endeavour to provide reasons for the phenomenal growth of the informal economy. Firstly, I will provide a brief definition of informal and formal economies. I will also discuss the inequalities and instability of the formal economy environme ....

Middle of Essay
.... income, created from the informal system such as the fleamarkets around New Zealand. Also I will discuss the cultural significance informal (traditional) economies have for the Maori people of Aotearoa. An informal economy co-exist, within the formal or capitalist economy. Working entirely or partially outside the framework of production and distribution of goods and services within our economy. The formal sector is our capitalistic principles that regulates our market. Capitalism’s main function in my opinion is to continually replicate itself establishing its set of structures and regulation, to the benefit of few. The inequaliti ....