Question

it's of 3 marks, so pls give at least 3 points of differentiation.hope you won't spam,pls :)​

Answer 1

Answer:

hope this helps you

Explanation:

Formal sector :-

a) this sector is mainly supervised by the RBI

b) it includes banks and cooperatives

c) in this collateral is required

d) it provides loans comparatively at a lower rate

e) it doesn't lead to debt trap

informal sector :-

a) no organisation to supervise this sector

b) these are mainly consists of money lenders friends and relatives traders landowners e.t.c.

c) Collateral is not required

d) this sector charges higher interest rates

e) this could lead to death trap .

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Answer 2

Answer:

1) In formal sector the government looks after the workers.

2) In formal sector there is security of jobs.

3) In formal sector different kinds of facilities are provided to workers.

WHEREAS

1) In Informal sector particular person looks after the workers.

2) In Informal sector there is no security to the jobs.

3) In Informal sector no any other facilities are provided to workers.

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