Differentiate between formal sector and informal sector

Geography

2 answers:

vlabodo [156]2 years ago

7 0

Answer:

a formal sector are activities which are taxed and monitored by the government and the activities involved are included in the Gross Domestic Product(GDP).

Explanation:

Sidana [21]2 years ago

4 0

Answer:

Wikipedia defines formal sector as activities which are taxed and monitored by the government and the activities involved are included in the Gross Domestic Product(GDP).

Explanation:

In contrast to formal economy is the informal sector which is neither taxed nor included in the GDP and Gross national product (GNP) of a country.

You might be interested in

What does the Executive Office of the President do for the President of the United States

Zolol [24]

The executive branch, executes the laws and they carry them out

6 0

3 years ago

Read 2 more answers

Mexico is currently known for deposits of which natural resource?

JulsSmile [24]

Hey there Mexico is currently know for

D. silver

Hope this helped

4 0

3 years ago

Read 2 more answers

Chemical weathering is different than mechanical weathering because?

ELEN [110]

Answer:

Chemical weathering is different from mechanical weathering because the rock changes, not just in size of pieces, but in composition. ... Chemical weathering works through chemical reactions that cause changes in the minerals.

5 0

2 years ago

What would happen to kenya's pyramid if there was a rapid decline in its:

Artist 52 [7]

The answer is A) Birth rate

7 0

3 years ago

Which nation is the most densely populated nation in the Arab world?

Ilia_Sergeevich [38]

The nation of Egypt is the most densely populated nation in the Arab world. The country of Egypt is officially known as Arab Republic of Egypt. The country of Egypt is basically a Mediterranean country.Egypt has a very old history and is also considered as the cradle of civilization. I hope the answer helps you.

3 0

3 years ago

Read 2 more answers