what is formal and informal sector?
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The informal sector, informal economy, or grey economy is the part of an economy that is neither taxed, nor monitored by any form of government. Unlike the formaleconomy, activities of the informal economy are not included in the gross national product (GNP) and gross domestic product (GDP) of a country.
hope it helps....
hope it helps....
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formal sector means government sector and informal sector means private sector
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