Question

Is it necessary to generate engloyment in the formal sector rether than in the informal sector? Why?​

Answer 1

Explanation:

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Yes, it is necessary to generate employment in the formal sector rather than in the informal sector because labour is exploited in the informal sector. In the formal sector, labour laws, enable the workers to protect their rights in various ways. They earn more than those in the informal sector.

Answer 2

Answer:

Yes, it is necessary to generate employment in the formal sector rather than in the informal sector because labour is exploited in the informal sector. In the formal sector, labour laws, enable the workers to protect their rights in various ways. ... They earn more than those in the informal sector.

• social security benefits are provided in the formal sector like pension, provident fund(PF) and gratuity, etc
• workers and enterprises in the formal sector get regular and more income as compared to informal sector.
• technology used in the formal sector enterprise is updated, therefore, generating employment in formal sector helps in reduction of poverty and income inequalities.