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provide services to the urban citythey don't pay tax or follow any legislation
it help to reduce the amount of unemployed
You have to pay tax on your income
Formal sectors is when one has a job that they get paid regularly for eg. monthly (long term job). You often get paid more than informal sectors. An informal sector is not a set job that you get paid for regularly but rather a job that you will only get paid per a day or hour (short term job that is not really relyable). You get paid less.
no pay obviously Errr... No PAY because we are gready and we want money!
differences between the bookkeeping systems of informal and formal sectors
provide services to the urban citythey don't pay tax or follow any legislation
n
no
it help to reduce the amount of unemployed
The informal sector or informal economy is that part of an economy that is not taxed, monitored by any form of government or included in any gross national product (GNP), unlike the formal economy.
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
Yes
An informal economy 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. However, the informal sector provides critical economic opportunities for the poor and has been expanding rapidly since the 1960s. Integrating the informal economy into the formal sector is an important
Reema Nanavaty has written: 'From local to global and informal to formal' -- subject(s): Employment, Informal sector (Economics), Women
The informal sector or informal economy is that part of an economy that is not taxed, monitored by any form of government or included in any gross national product (GNP), unlike the formal economy.