Answer:
Wikipedia defines formal sector as activities which are taxed and monitored by the government and the activities involved are included in the Gross Domestic Product(GDP).
Explanation:
In contrast to formal economy is the informal sector which is neither taxed nor included in the GDP and Gross national product (GNP) of a country.
Answer:
a formal sector are activities which are taxed and monitored by the government and the activities involved are included in the Gross Domestic Product(GDP).
Explanation:
