Business Law, Public Responsibility, and Ethics | Open Access Articles

In recent years, there has been growing recognition in the entrepreneurship literature that many

entrepreneurs operate in the informal economy and that not all these informal entrepreneurs are doing

so out of economic necessity and because of a lack of choice. Instead, it has been asserted that some of

these informal entrepreneurs choose to exit the formal economy and trade on an off-the-books basis

more as a matter of choice. However, until now most research displaying this has been conducted in

advanced western and post-socialist economies. Little has been written on whether this is also the case

in third (majority) …

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