Which of the following statement is correct about informal sector? |
Those who are working in the informal sector enjoy social security benefits Informal sector includes self-employed who do not have any hired workers Employ 10 hired workers or more It includes all the public sector establishments |
Informal sector includes self-employed who do not have any hired workers |
The correct answer is Option (2) → Informal sector includes self-employed who do not have any hired workers In the informal sector, many workers are self-employed or work in small businesses without formal contracts or benefits. They typically do not enjoy social security benefits, and the sector does not employ a significant number of workers as defined by formal employment criteria. Therefore, the other statements provided are incorrect. |