Question

Define informal business

Answer 1

informal refers to those workers who are self employed, or who work for those who are self employed. People who earn a living through self employment in most cases are not on payrolls, and are not taxed. Many informal workers do their "businesses"in unprotected and unsecured places.

Answer 2

Im going to say that it is a business that people self employee themselves, so therefore they own they business they are their own bosses. But i may be wrong! Hope i helped