Informal Sector Economics Quiz
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Questions and Answers

Why are those in the informal sector not taxed in their income and real properties?

They fail to register with the government.

How do those in the informal sector limit their bargaining rights?

By not being supervised.

What term do economists use to describe the sector of those who are not supervised by the state?

Shadow economy

What consequences do those in the informal sector face for disregarding government regulations?

<p>They are not protected.</p> Signup and view all the answers

What is a key reason why those in the informal sector disregard government regulations?

<p>Lack of registration and licenses.</p> Signup and view all the answers

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