Instructionsand Steps:

1. View the following TED Talk (video presentation). As you watch the video, take notes of any relevant information.

• The power of the informal economy|Robert Neuwirth

2. Answer the following question;

• Business regulation are laws that control the ways that a business can operate, they are often put in place to correct market failures, to ensure consumers are buying safe products and to make certain that business pay taxes. Informal business, which are part of the informal economy are business that operate outside of business regulation. Based on what you read in chapter 4, and the information on this TED talk, are you for or against the informal economy? Explain why.

3. Produce a Post of at least 200 words in which you explain your position. Your post must contain at least the following elements:

• It must state your stance to the question posted
• It must state the reason why
• Your reason must be explicitly connected connected to one of the concepts listed above, which means that must use at least of the concepts in your explanation
• It must use information, or data from the TED talk to support your argument.