Which of the following is a characteristic of the informal sector?
A. High degree of formal contracts and social security
B. Easy entry, small scale and lack of formal regulation
C. Complete absence of employment generation
D. High capital intensity and advanced technology
Answer: Option B
Solution (By JKSSB Mock Tests)
The informal sector is marked by ease of entry, small-scale operations, labour intensity, lack of formal contracts and limited access to social security.
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