Economy, asked by puneetsoni063, 4 months ago

difference between Formal and informal source of income

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Answered by tejaswiniparihar25

Explanation:

Formal sources usually charges lower rates of interest whereas in informal sources they charge much higher rates of interest. The main motive of formal sources is social welfare whereas the main motive of informal sources is profit-making.

Answered by sabincssabin

Answer:

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difference between Formal and informal source of income​

Answers

difference between Formal and informal source of income