Business regulations are laws that control the ways that a business can operate, they are often put in place

Business regulations 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 businesses pay taxes. Informal businesses, which are part of the informal economy, are businesses that operate outside of business regulation.
Using this 13 minute video( The power of the informal economy | Robert Neuwirth) answer the question below.
Based on the information on this TED talk, are you for or against the informal economy? Explain why.