Hey
supermarkets
An example of a informail group is a gang.
Having both informal and formal businesses in an economy is important because they serve different roles and contribute to overall economic resilience. Formal businesses typically provide stability, legal protections, and access to financing, while informal businesses can offer flexibility, innovation, and employment opportunities, especially in underserved areas. Together, they create a diverse economic landscape, enabling adaptability and fostering growth by addressing varying consumer needs. This dual structure can also help mitigate risks during economic downturns, as informal businesses often operate with lower overheads.
Formal refers to following established rules and regulations. Informal is more relaxed because the rules aren't really acknowledged. Businesses have both formal and informal groups.
E-commerce businesses are organizations/entities that sell goods/services online. Examples of E-commerce businesses are PayPal, E-bay and Amazon
A "chat" is an informal conversation. It's what you do when you are talking to your friends.
cartel-----an association, a lobbying group...
Crime can negatively impact informal businesses by increasing operating costs due to the need for security measures, such as hiring guards or installing security systems. It can also disrupt supply chains, reduce customer traffic, and deter potential customers from visiting these businesses due to safety concerns. In some cases, criminals may extort or demand protection money from informal businesses, further squeezing their profits.
Hey
22nd & 12th
Examples of colloquial language include phrases such as "gonna" (going to), "wanna" (want to), "ain't" (am not/is not/are not), and "y'all" (you all). These types of informal language are commonly used in spoken conversations and informal writing.