what are the formal and informal jobs
Answers
Answer:
Explanation:
In contrast to the formal economy is the informal sector which is neither taxed nor included in the GDP and Gross national product (GNP) of a country. ...
Conversely, informal or unorganized sectors are the ones where the employees or the workers do not have regular working hours and wages and are exempted from taxes.
Formal sector:
A sector which encompasses all jobs with normal hours and regular wages, and is recognised as income sources on which income taxes must be paid.
Informal sector:
A system of employment that does not abide by any form of legal requirements, generally it is defined by workers in the employment systems that are self-employed and or works for those who are self-employed.
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