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What is informal sector?

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What is informal sector?

Posted by Geeta Yaduwanshi 6 years, 9 months ago

CBSE > Class 10 > Social Science

2 answers

Yogita Ingle 6 years, 9 months ago

In the informal sector there is no supervisory body. The credit activities of this sector are only driven by profit with much higher interest rate. A high rate of interest means that a borrower spends more money to repay the loan and is left with less money for himself. This also leads to a debt trap.

Hiru ? 6 years, 9 months ago

Sector not in control of govt, does not follow rules and regulations

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