Introduction of formal sector
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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.
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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