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.
Public sectors are funded by the government
is where an economic sector provides the necessities of other sectors.
Profit NonprofitGovernment
They are the Primary, Secondary, Teritary and Consumer
for me informal sector is the undeveloped economic with low education of people
differences between the bookkeeping systems of informal and formal sectors
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.
Public sectors are funded by the government
private anf public
public sectors lets the public in.public=anyone private sectors only lets people with the sector reserved in. hope i helped :]~kristin
economic cycle
is where an economic sector provides the necessities of other sectors.
Profit NonprofitGovernment
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.
They are the Primary, Secondary, Teritary and Consumer
hook and crook