Effectiveness and ineffectiveness of informal trade
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In formal trading is a type of business in which there are no limitations as government regulations etc.
It can be done anywhere.
It has effectiveness as no standard employment is preferred, no taxes has to be paid.
Large trade of money takes place in informal trade.
There are few ineffective steps in informal trade.
The price of the product is decided by the tradesmen whenever and wherever he need.
Consumers are frequently tricked by the tradesmen in informal trade.
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