Q what do you meant by informal economyinformal, Ask an Expert

Economics

Q. What do you meant by Informal Economy?

Informal Economy:Informal sector of the economy represents the production of services and goods for the own-use of the producers or for informal or ‘underground' trade in particular communities (as opposed to formal economy). It is specifically important in developing countries.

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9579353

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question suppose the production function for a competitive

Question: Suppose the production function for a competitive firm is Q = K .75 L .25 . The firm sells its output at a price of $32 and can hire labor at a wage rate of $2. Capital is fixed at 1 unit. a. What is the profit ...

Question this paper must only be written off of research

Question: This paper must only be written off of research. This cannot display stories of what happened to you or what happened to someone else. Make sure it is all research. Not opinions bust solid evidence of an argume ...

Question using exercise sketch the effects in parts a and b

Question: Using Exercise, sketch the effects in parts (a) and (b) on a single supply and demand diagram. What prediction would you make about how the improved information alters the equilibrium quantity and price? Exerci ...

Question economic cycle curvesconstruct the ad sras and

Question: Economic Cycle Curves Construct the AD, SRAS, and LRAS curves for an economy experiencing (a) full employment, (b) an economic boom, and (c) a recession. What will happen in each case if it's only temporary? Wh ...

Question the town of lookout mountain georgia had become a

Question: The town of Lookout Mountain, Georgia, had become a desirable place to live, and property owners were subdividing some of their land within the city limits in order to build new homes. However, after some peopl ...

Question show the market for cigarettes in equilibrium

Question: Show the market for cigarettes in equilibrium, assuming that there are no laws banning smoking in public. Label the equilibrium private market price and quantity as Pm and Qm. Add whatever is needed to the mode ...

Question costco typically pays its workers higher wages

Question: Costco typically pays its workers higher wages than does Wal-Mart. One analyst argues that Costco pays higher wages "because it requires higher-skilled workers to sell higher-cost products to more affluent cust ...

Question - paula deen runs a seafood restaurant in savannah

Question - Paula Deen runs a seafood restaurant in Savannah, Georgia. Her total revenue last year was $150,000. The rent on her restaurant was $48,000, her labor costs were $42,000, and her materials, food, and other var ...

Question outline how neoclassical economists derive the law

Question: Outline how neoclassical economists derive the law of demand and then criticize neo- classical consumer/demand theory from a heterodox perspective in light of real world consumer behavior (include Veblen's and ...

Question define and discuss what is meant by risk aversion

Question: Define and discuss what is meant by risk aversion in financial markets. The definition and discussion can include a comparison of two assets, but they must have different returns and different risks. Discuss ho ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert