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Taxes in our life

Chapters 1 › Unit 1: Exercise View instructions Hide instructions

Exercise

What is the difference between ‘shadow economy’ and ‘grey economy’?

The (measured) difference is difficult

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I think the definition of shadow economy is clear. But problematically is the precious differentitation to grey economy. My question to the issue of grey economy is: How can research measure the grey dimension in distinction to the shadow economy?

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