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Question
a lecturer is preparing a speech comparing formal and informal economies. read the piece of information in each row, then select the section where it fits best.
informal economies provide much - needed work to low - income households, but these workers tend to earn very little and lack access to many legal protections and services.
the informal economy includes any exchanges of money, goods, and services that are not tracked, regulated, or taxed by government.
louisa provides childcare to the jimenez family, and they provide her with a rent - free room in their apartment.
for two decades, gerardo has owned and operated a popular twenty - table restaurant near a university in milan.
- The first statement describes positive and negative impacts of informal economies on workers, so it falls under social consequences.
- The second statement clearly defines what an informal economy is, so it belongs to definitions.
- The third statement is a specific real-world instance of an informal, untaxed/untracked exchange, so it is an example.
- The fourth statement describes a formal, established business that is regulated and taxed, so it is an example of a formal economy (fitting the examples section).
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- "Informal economies provide much-needed work to low-income households, but these workers tend to earn very little and lack access to many legal protections and services." → Social consequences
- "The informal economy includes any exchanges of money, goods, and services that are not tracked, regulated, or taxed by government." → Definitions
- "Louisa provides childcare to the Jimenez family, and they provide her with a rent-free room in their apartment." → Examples
- "For two decades, Gerardo has owned and operated a popular twenty-table restaurant near a university in Milan." → Examples