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kondaur [170]
3 years ago
12

PLEASEEEE HELP ME OMGGGG ASAPPPP 20+PTS AND BRAINLY

English
1 answer:
Sliva [168]3 years ago
3 0

The Informal Economy is neither taxed nor monitored in any form of government . Example Prostitutes in United States

Explanation:

Advantages of Informal Economy :-

1. Large Scale Employment- Employment opportunity is given to large number of people.

2. Well Payed -  As the owners do not have many tax obligations hence the employed people are well paid

Disadvantages of Informal Economy

1. No Job Security - No assurance of job as it is uncertain to work in a informal sector

2. Odd working hours - like night shifts are there which sometimes is uneasy and difficult to do.

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The economic depression created by the Soviet system collapsed was twice as great as in the Western media of the infamous Great Depression of 1930. The collapse has had catastrophic economic and social consequences overall for its population since during the first four years the GDP decline in this region is 45%.

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