formal sector

  

Definition

Sector which encompasses all jobs with normal hours and regular wages, and are recognized as income sources on which income taxes must be paid. Opposite of informal sector.

Related Videos




http://www.businessdictionary.com/definition/formal-sector.html

Have a question about formal sector? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z