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Defference between formal and informal source

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Defference between formal and informal source
  • 5 answers

Ranj Ith 2 years, 10 months ago

FORMAL THEY NEED ANY ASSET TO BUY THE LOAN THEY GIVE AT LOW INSERT. EX BANK , COOPERATIVES INFORMAL THEY DNOT NEED ASSET THEY GIVE AT HIGH INSERT EX. NEIGHBORHOOD, RELATION, MONEY. LENDER

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....,..., ....,....., 2 years, 10 months ago

Formal=it provides lon to follow rule and regulations the government,it charges low rate of interst ex= bank main example of formal sector ,informal =it provide lon without follow rule and regulations ,it charges high rate of interst,ex=landlords , relatives are main example of informal sector

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Resources is use to humans

Yuvraj Vishwakarma 2 years, 10 months ago

What is resources
http://mycbseguide.com/examin8/

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