informal-sector theories
informal-sector theories This is the dominant paradigm in use for explaining poverty and inequality in Third World cities. There have been many versions since its first formulation in 1971, but most focus on differences in productivity and earnings associated with large- and small-scale enterprises. Employment in large-scale (formal) enterprises is associated with high wages, high skill levels, modern technology, unionization, and social security protection, while small-scale (informal) enterprises lack these characteristics. The term ‘formal’ is often taken to mean waged and salaried labour, while ‘informal’ refers to self-employment, one-person enterprises, artisanal production, and domestic service. Note, however, that in this literature both terms refer to paid, officially registered employment, although in advanced industrial societies ‘informal’ work has been taken to mean work that is not declared to official censors or the tax system, and may even include unpaid labour in the household. See also INFORMAL ECONOMY; LABOUR-MARKET SEGMENTATION.
More From encyclopedia.com
Information , Millions of people around the world live surrounded by information and information technologies. They expect to hear the news on the radio, enjoy ent… Enterprise , An enterprise is a business venture initiated by an entrepreneur, the person who assumes the organization, management, and risks of a business enterp… ENTERPRISE SERVER , ENTERPRISE SERVER
As the number of businesses adopting e-business strategies continued rising into the new millennium, technology firms began offerin… Informal Economy , informal economy As used by sociologists, the term refers to non-market work, in some cases with the addition of black economy work (which is market… Enterprise Rent-a-car Company , Enterprise Rent-A-Car Company
600 Corporate Park Drive
St. Louis, Missouri 63105-4204
U.S.A.
Telephone: (314) 512-5000
Fax: (314) 512-4706
Web site:… Privatization (business) , Privatization may be pursued with different aims in mind. The political aim is to break away from the past and create a new class of capitalists as q…
You Might Also Like
NEARBY TERMS
informal-sector theories