Question
Define the informal sector of urban economy. Describe the key features of urban informal economy.
Answer :
Word Count : 464
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The informal sector of the urban economy refers to the part of economic activity that is not regulated, registered, or protected by the government. It includes small-scale, unorganized, and often home-based or street-level economic activities that do not conform to formal labor laws, taxation policies, or social security provisions. Workers in this sector typically operate without formal contracts, lack access to institutional credit, and often rely on personal networks or community support for sustaining their livelihoods. The informal sector is particularly significant in urban areas of developing countries, where it provides employment and
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