Informal Sector: Causes and Characteristics Flashcards
1
Q
What is the informal sector?
A
1] Operates out of official government recognition
2] Money is not taxed
3] 68% of Mumbai’s population work in the informal sector
2
Q
What does the informal sector often require?
A
Fewer skills and qualifications
3
Q
What is it unlikely to pay?
A
Taxes
4
Q
What is required to set up an informal business?
A
Little investment
5
Q
What can it reduce?
A
Unemployment
6
Q
What does it provide?
A
Cheap goods and services for the lower income population of the city
