Economy, asked by amsaelangovan4298, 1 year ago

Introduction of formal sector

Answers

Answered by ruchipatasariya
0
Unlike the formal economy, activities of the

informal economy are not included in a

country's gross national product (GNP) or

gross domestic product (GDP). The

informal sector can be described as a grey

market in labour. ... As such, integrating the

informal economy into the formal sector is an

important policy challenge.
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