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Employment patterns
Understanding the Interplay Between Informal and Formal Employment
December 27, 2023
How does the informal economy affect the formal labor market?
The informal economy, characterized by unregulated work and unrecorded transactions, can impact the formal labor market by influencing employment patterns, tax revenues, and social security systems. It often coexists with formal employment, presenting challenges for regulation and economic planning.
Tags : Informal Economy , Formal Labor Market , Employment Patterns