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LSDefine

Simple English definitions for legal terms

shadow economy

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A quick definition of shadow economy:

Term: Shadow Economy

Definition: The shadow economy refers to all the economic activities that are not registered or reported to the government. These activities can include legal and illegal production of goods and services, such as gambling, prostitution, and drug dealing, as well as bartering and unreported incomes. It is also known as the black economy, black market, or underground economy.

A more thorough explanation:

Definition: The shadow economy refers to all the economic activities that are not registered or reported to the government, but still contribute to a country's gross national product. This includes legal and illegal activities such as gambling, prostitution, drug dealing, barter transactions, and unreported incomes.

Examples: The shadow economy can include a variety of activities, such as:

  • A person who works a job and gets paid under the table, without paying taxes or reporting their income to the government.
  • A street vendor who sells goods without a permit or license.
  • A drug dealer who sells illegal substances for cash.
  • A prostitute who offers services for money.
  • A gambler who participates in illegal betting or gambling activities.

These examples illustrate how the shadow economy can involve both legal and illegal activities that are not reported to the government. While some of these activities may be harmless or even beneficial to society, others can have negative consequences such as contributing to crime or tax evasion.

shack | shadow jury

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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