Question

Three types of informal jobs

Answer 1

Answer:

1) Informal money lenders

2) Small scale shop keepers

3) Daily wage workers

Explanation:

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Answer 2

Informal sector in the economy refers to that segment of the economy that is not accounted by the government or does not come under tax deductible income.

Explanation:

Informal jobs constitute a major part of the economy in developing and underdeveloped countries.These jobs are not monitored by the government and fall outside the taxable income.The incomes generated from informal jobs are not registered by the government and are not considered in the estimation of country's GDP.Therefore, informal sector does not have any contribution to the GDP of the country,nor does it have an impact on the employment level of the country.Some examples of informal jobs include black money generated from smuggling or similar illegal business practices,cash income generated from private tuition or work from home or cash incomes earned from selling street food.