NIC - Newly Industrilised Country
LEDC - Less Economicaly Developed Country
MEDC - More Economicaly Developed Country
Formal Employment - regular hours, regular wadges, an agreed contract and mustpay tax
Informal Employment - cash in hand, not a regular income source, doesn't pay tax and includes illegal activity
Primary Employment - exracting raw materials
Secondary Employment - processing and manufacturing raw materials
Tertiary Employment - Providing services to industries/custormers
Quaternary Employment - Knowledge based such as IT develpoment and Reseach
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