Industry
- Created by: Aastha Mehta
- Created on: 12-12-13 17:39
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- Informal Sector in LEDC's
- Advantages
- little capital needed
- helps develop new skills
- profit used locally, put back into the economy, may stimulate other activities
- provide services and jobs
- locals are employed
- cheap/recycled material used
- Disadvantages
- often illegal
- dependant on locals/tourists coming in
- income generated is uncertain/irregular
- salary can be low
- standard of technology and goods is low
- no taxes raised for country
- no pension, health care etc.
- safety/vandalism may be a problem
- small vs big business (affects success)
- Advantages
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