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What are the Two disadvantages of formal business sector?
Two disadvantages of the formal business sector include higher operational costs and regulatory compliance burdens. Businesses must adhere to strict regulations and standards, which can lead to increased expenses and administrative complexity. Additionally, formal businesses may face less flexibility in adapting to market changes compared to informal sectors, as they often have rigid structures and procedures. This can hinder innovation and responsiveness to consumer demands.
What is formal sector give example?
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.
What are the contributions off entrepreneurs to the formal sector?
Entrepreneurs are important to the formal sector because they create jobs. They create positions both for professionals and for unskilled workers.
What are Disadvantages of primary sector?
less income unorganised sector cant contribute more for the economy
What are the examples of a formal sector?
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.
Differences between the bookkeeping system of the informal sector and the formal sector?
differences between the bookkeeping systems of informal and formal sectors
Advantages and disadvantages of banking sector?
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What are the advantages and disadvantages of diversified manufacturing sector?
no
What is formal sector give example?
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.
What are the contributions off entrepreneurs to the formal sector?
Entrepreneurs are important to the formal sector because they create jobs. They create positions both for professionals and for unskilled workers.
What is formal feedback?
advantages and disadvantages of using a formal feedback system?
What are the disadvantages of no formal organizational structure?
what are the advantage and sisadvantage of formal organization
What are Disadvantages of primary sector?
less income unorganised sector cant contribute more for the economy
What are the examples of a formal sector?
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.
What are formal sector loans?
Loans from banks and cooperatives
What are the disadvantages of a public limited sector?
hello mate
Advantages and disadvantages of formal and informal organization?
What are the advantages and disadvantages of informal organisation
