what are examples of formal economic activities? helpp plz and thanku :)
3 answers
any hellp at alll///??
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.
* trade (not trace) services