Question
Economics Question on Labor Economics
Which of the following statements is correct about the informal sector?
A
Those who are working in the informal sector enjoy social security benefits
B
Informal sector includes self-employed who do not have any hired workers
C
Employs 10 hired workers or more
D
It includes all the public sector establishments
Answer
Informal sector includes self-employed who do not have any hired workers
Explanation
Solution
The informal sector includes self-employed individuals who do not hire workers, and they often lack social security.