Question

Mention 3 points of difference between formal and informal sector plans

Answer 1

Heya...

Formal sectors...

"" These sectors are well organized with cover authorities...

"" These sector gives securities to its employees as pensions...

"" They have the motive to do social welfare....

Informal sector....

"" They are controlled by private investors....

"" They don't give market securities and worked on monthly payments...

"" They run on the motive to done growth and earn profits...

-- Be Brainly. . ...

Answer 2

★Hello mate here is your answer....»»

★Informal Sector

1. they consist of loans from the bank and cooperative.
2. these loans are supervised by the RBI.
3. rate of interest is not very high.

★Informal Sector

1. these consist loans from moneylenders, traders, relatives, friends etc
2. they are not under the control of RBI.
3. the rate of the interest are exorbitant.

★Hope this will help you....»»»