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What are the roles of formal sector in economic development?

the roles is helping the people in the community bto develop oneself rather contributing poverty in the society


Differences between the bookkeeping system of the informal sector and the formal sector?

differences between the bookkeeping systems of informal and formal sectors


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.


How agriculture sector contributes national development?

Industrial sector contribute to development of agriculture in pakistan


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 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


Who is the Minister of Public Sector Development for Jordan?

Khleif Al-Khawaldeh is the Minister of Public Sector Development for Jordan.


What are the Advantage of formal sector?

Job security and paid sick leave


Who is a polluter?

poor households, informal sector firms small and medium-size firms from the formal sector exporters in developing countries


Contribution of manufacturing sector to GDP?

Secondary sector is the second step of development in any economy


What are the disadvantages of the formal sector?

You have to pay tax on your income