1. Reason for the Growth of Informal Economies
... social networks they can create a core group of informal employees utilising skills to complete work. The monetary earnings of these informal ventures may vary, but can be much higher when compared to formal employment (Garcia, Kelly 1985). For the employees who are faced with economic uncertainties informal ventures are a better choice than poverty. The potential growth for manufacturers to use home based social networks, create a niche market ... of potential customers. These business ventures that rely on the informal organisation of social networks and production of goods and servic...
- Word Count: 1658
- Approx Pages: 7
- Grade Level: High School