Economic Activity and Energy Abbreviations: What is Informal employment ?

Identify two disadvantages to informal employment ?

Identitfy two advantages to informal employment ?

Question

What is Informal employment ?

Identify two disadvantages to informal employment ?

Identitfy two advantages to informal employment ?

Hannah Wolfendale · Accepted Answer

Types of work that are not officially recognized
and are taken up by people working for themselves on the streets of LIC
cities. e.g. shoe shining, selling stuff on the street

Hannah Wolfendale · Answer

Disadvantages of Informal Employment; No regulations, laws protecting workers. No protection, both physically or legally. Low pay.

Advantages of Informal Employment; No taxes, make enough money to 'make ends meat', jobs for unskilled and uneducated.

Economic Activity and Energy Abbreviations

What is Informal employment ? Identify two disadvantages to informal employment ? Identitfy two advantages to informal employment ?

Types of work that are not officially recognized and are taken up by people working for themselves on the streets of LIC cities. e.g. shoe shining, selling stuff on the street

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