Comparative Criminal Justice Systems
The informal economy refers to economic activities that occur outside of formal regulations and protections, including unregistered businesses, casual labor, and transactions that are not taxed or monitored by the government. This sector often thrives in regions with limited access to formal employment opportunities and is characterized by flexibility and a lack of job security, which can lead to vulnerabilities for workers.
congrats on reading the definition of informal economy. now let's actually learn it.