Economics · Sectors of the Economy
According to the international standards adopted by the 15th International Conference on Labour Statistics (ICLS), which one of the following is NOT a characteristic of the informal sector?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Generally, they operate at a low level of organization, on a small scale, and with little or no division of labor.
- 2The informal sector is a subset of unincorporated enterprises.
- 3The informal sector enterprises are constituted as separate legal entities, independent of their owners.✓
- 4The informal sector comprises units that engage in the production of goods or services with the primary objective of generating employment and income for the individuals concerned.
Correct answer
The informal sector enterprises are constituted as separate legal entities, independent of their owners.
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