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... might be characterised by the following features:
“Informal activities are a way of doing things, characterized by (a) ease of entry, (b) reliance of indigenous resources, (c) family ownership of enterprises, (d) small scale of operation, (e) labour-intensive and adapted technology, (f) skills acquired outside the formal school system and (g) unregulated and competitive markets. ... The characteristics of formal sector activities are the obverse of these, namely (a) difficult entry, (b) frequent reliance on overseas resources, (c) corporate ownership, (d) large scale of operation, (e) capital-intensive and often imported technology, (f) formally acquired skills, often expatriate, and (g) protected markets (though tariffs, quotas and trade licenses).
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