Answer: Effectiveness of Gambling: Gambling instills hope in a person that they can succeed by doing anything, that someone will win a large sum of money, even if this is typically the exception, and that it can assist a person move from poverty to prosperity.
Ineffectiveness: Many people have false hopes, which leads to gambling addiction, resulting in people never becoming wealthy and instead developing a habit of wasting money.
Effectiveness of informal trading: more freedom in exchanging money for goods because sellers can negotiate as they please; an informal trader does not have to provide for any employees for long periods of time; informal traders can easily relocate because they do not conduct business in government-owned buildings.
Inefficiency: informal traders have the ability to adjust prices whenever and wherever they want, without having to alert anyone.
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