Question

difference 3 points between formal and informal sector

Answer 1

Difference between the formal sector and informal sector are as follows

Answer 2

1. in informal sector of credit the interest charge is very high in compare to the formal sector of credit
2. In informal sector of crazy, colatrat ion was not required, but informal sector of credit qualatrion was required.
3. in informal sector of credit, people take credit from relatives, moneylenders, big traders, while informal sector credit people take loans from the banks and cooperative society