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Read the Mini-Case(the file I uploaded): The Informal Economy: What It Is and Why It is Important?
Respond to question : What threats does the informal economy present to firms operating in the formal economy? Use examples from your personal experience with the informal economy.
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Running Head: INFORMAL ECONOMY
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Threats of Informal Economy on Formal Economy
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Threats of Informal Economy on Formal Economy
The informal economy is an economy that contains a diversified set of economic
activities, jobs, workers and enterprises that are not protected or regulated by the government.
The informal economy concept originated from small unregistered self-employment enterprises.
The economy has expanded to include the unprotected wage employment jobs currently. The
informal economy enjoys a lot of advantages as compared to the formal economy. This is
because they...