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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)


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