Which of the following option explains the situation where percentage of work force in the formal sector declines and that in the informal sector rises?

Informalisation

Informalisation of workforce refers to a situation whereby the proportion of workforce in the informal sector to total workforce increases.

All the public sector establishments and those private sector establishments which employ 10 hired workers or more are called formal sector establishments and those who work in such establishments are formal sector workers. All other enterprises and workers working in those enterprises form the informal sector.