The informal sector is becoming an ever-larger part of the urban economy. Just as much as...

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Economics

The informal sector is becoming an ever-larger part of the urbaneconomy. Just as much as some benefits accrue to the individualsbelonging to the informal sector, there are benefits that accrue tothe formal sector as a result of the existence of the informalsector as well. On the other hand, duality, inequality and urbanpoverty also result from the existence of the informal sector.Distinguish between the urban formal and informal sectors, anddiscuss both the positive and the negative aspects of the informalurban labor market.
Write an essay, to distinguish between the urban formal andinformal sectors, and discuss both the positive and the negativeaspects of the informal urban labor market

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DISTINGUISH BETWEEN URBAN FORMAL AND INFORMAL SECTOR Formal sector activities are the activities which are taxed and monitored by the government and the activities involved are included in the gross domestic product GDP In contrast to the formal economy informal sector is the sector which is neither taxed nor included in the GDP and GNP of the country Formal urban sector represents all jobs with specific working hours and regular pays and the workers job See Answer

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