Informal Sector
Concept & Characteristics
Key words:
● Informal Sector - types employment where people find work for themselves
What is life like for people in the informal sector?
● Self-employed
● Family members involved
● Wages uncertain & working hours usually long
● Involved selling goods at roadside or small stalls
● Domestic work
● Capital use low - usually buy small amounts of cheap raw materials or below-standard goods
● Profit margins small because income per hour low
Concept & Characteristics
Key words:
● Informal Sector - types employment where people find work for themselves
What is life like for people in the informal sector?
● Self-employed
● Family members involved
● Wages uncertain & working hours usually long
● Involved selling goods at roadside or small stalls
● Domestic work
● Capital use low - usually buy small amounts of cheap raw materials or below-standard goods
● Profit margins small because income per hour low
