Asked by beecca
what are examples of formal economic activities? helpp plz and thanku :)
Answers
Answered by
beecca
any hellp at alll///??
Answered by
Ms. Sue
Formal economic activities are most economic activities -- such as manufacturing, wholesale and retail sales, and services. Probably the main item that distinguishes formal economic activities is that these businesses use standard currency in their transactions and pay taxes.
In contrast, informal business activities barter, trace services, and sell items "under the table," thus escaping government notice and taxes.
In contrast, informal business activities barter, trace services, and sell items "under the table," thus escaping government notice and taxes.
Answered by
Ms. Sue
* trade (not trace) services
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.