The five types of market
Pink = Unethical but State makes legal
White = State makes legal but taxed
Grey = Might not be prosecuted and potentially untaxed
Black = State makes illegal
Red = Unethical and violent and illegal
Screenshot from
https://www.youtube.com/watch?v=3rq9PWBcHe4
An informal economy (informal sector or grey economy)[1][2] is the part of any economy that is neither taxed nor monitored by any form of government. Although the informal sector makes up a significant portion of the economies in developing countries, it is sometimes stigmatized as troublesome and unmanageable.
https://en.wikipedia.org/wiki/Informal_economy