Example of formal and informal sector

1.	Example of formal and informal sector
Answer» Answer: In contrast to formal economy is the informal sector which is neither taxed nor included in the GDP and Gross NATIONAL product (GNP) of a COUNTRY. ... It is a licensed organization and is LIABLE to pay TAXES. It INCLUDES large-scale operations such as banks and other corporations.

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Answer:

In contrast to formal economy is the informal sector which is neither taxed nor included in the GDP and Gross NATIONAL product (GNP) of a COUNTRY. ... It is a licensed organization and is LIABLE to pay TAXES. It INCLUDES large-scale operations such as banks and other corporations.

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Example of formal and informal sector​

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Example of formal and informal sector