Question

Difference between formal cooperation and informal cooperation

Answer 1

Formal cooperation is easy to identify by surroundings.

Informal cooperation is difficult to identify by surroundings


Formal cooperation is contractual

Informal cooperation is initiated via interactions.

Formal cooperation not based on trust

Informal cooperation is based on trust

Answer 2

Answer:

⭐Consumers get goods of good quality.

⭐Goods are sold without adulteration.

⭐Goods are sold in correct measurement. ...

⭐Middlemen are eliminated.

⭐Prices are comparatively cheaper.

⭐Regular supply of goods is assured.

⭐No credit is allowed.