Question

Which of the following is an example of an agricultural activity in the informal sector?

Answer 1

Working as a vender for home grown produce 

Answer 2

Answer:

C. working as a vendor at a market for homegrown produce,i the correcdt answer.

Explanation:

The informal economy is the part of economy with is neither monitored nor taxed. It makes a significant portion of the economies of the developing countries and is considered to be unmanageable. It provides economic activities for the poor and expanded rapidly after 1960's. It integration with the economy is challenging for the governments around the world, it is also not added in the GNP and GDP of a country. Black Market is also characterised as the informal market. Working as a vendor at a market for homegrown produce is an activity of informal sector because the government cant tax it due to the meagre amounts of products that are grown. While factory workers, police, and produce of diamond mines are all taxable.