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What is informal sectors?

for me informal sector is the undeveloped economic with low education of people


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 the difference between formal and informal sector?

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.


What is the difference between the private and public sectors of your economy?

Public sectors are funded by the government


What is the difference between public and private sectors aims and objectives?

private anf public


What is the main difference between the public and private sectors?

public sectors lets the public in.public=anyone private sectors only lets people with the sector reserved in. hope i helped :]~kristin


Which model illustrates the continuous flow of spending production and income between the different sectors in an economy?

economic cycle


What is economic linkages?

is where an economic sector provides the necessities of other sectors.


What are three economic sectors?

Profit NonprofitGovernment


What is an informal sectors?

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.


What are the four economic sectors?

They are the Primary, Secondary, Teritary and Consumer


What are two major economic sectors in Pennsylvania?

hook and crook