Job security and paid sick leave
differences between the bookkeeping systems of informal and formal sectors
Accountability and Transparency.
Examples of the formal sector of the economy are parts that have a reported payroll. It also has income taxes, payroll taxes, and is regulated.
Entrepreneurs are important to the formal sector because they create jobs. They create positions both for professionals and for unskilled workers.
The formal sector includes industries and jobs that are regulated and recognized by the government, often involving legal contracts and compliance with labor laws. Examples include public sector jobs, large corporations, manufacturing companies, and healthcare institutions. Employees in the formal sector typically receive benefits such as health insurance and retirement plans, and their income is subject to taxation. Additionally, formal sector businesses must adhere to safety and operational regulations.
Loans from banks and cooperatives
None
what are the advantage and sisadvantage of formal organization
The symbol for Wells Fargo Advantage Multi-Sector Income Fund in the AMEX is: ERC.
Wells Fargo Advantage Multi-Sector Income Fund (ERC) had its IPO in 2003.
poor households, informal sector firms small and medium-size firms from the formal sector exporters in developing countries
You have to pay tax on your income