Informal Sector
The informal sector encompasses economic activities not regulated by the government. It includes street vendors, domestic workers, and small-scale artisans. This sector plays a crucial role in providing livelihoods. It often lacks legal protections and benefits. Workers face job insecurity and low wages. Despite these challenges, the informal sector contributes significantly to the economy. It reflects the resilience of communities in adapting to economic needs.
Globalization refers to the increasing interconnectedness of economies, societies, and cultures. It has been driven by advancements in...
March 21, 2025