How Do Urban Economies Differ

Question 1

Whats an informal sector?

Answer 1

Part of an economy that is neither taxed nor monitored by any government

Question 2

Whats a formal sector?

Answer 2

Made up of businesses and economic activities that are under the supervision of the government

Question 3

Name the formal and informal economies of a developing city

Answer 3

Kampala
Informal - pottery making, clothes washing
Formal - shops, banks

Question 4

Name the formal and informal economies of an emerging city

Answer 4

Delhi
Informal - street food, selling cigarettes
Formal - work in services, clothing industry

Question 5

Name the formal and informal economies of a developed city

Answer 5

New York
Informal - construction workers, cleaners
Formal - financial companies, manufacturing