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The Role of the Informal Sector in the National Economy.

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  • Essay length: 1936 words
  • Submitted: 13/07/2004
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GCSE Economy & Economics

The first 200 words of this essay...

UNIVERSITY OF SOUTH AFRICA

The Role of the Informal Sector in the National Economy

MOZAMBIQUE

Submitted by: Augusto Rogério Paulo Ferro

Maputo, November 28, 2003

Table of Contents

The Role of the Informal Sector in the National Economy 3

Introduction 3

Mozambique Social Economic Situation 4

Main Problems Faced by those in the Informal Sector 6

Conclusion 7

BIBLIOGRAPHY 9

The Role of the Informal Sector in the National Economy

Introduction

In an attempt to respond to the topic this essay will discuss the role of the informal sector in the Mozambican economy. For a better understanding of the topic some important definitions shall be given.

For the purpose of this essay, the concept of economy can be defined as the science that deals with production and consumption of goods and services, the circulation of wealth and the redistribution of income. On the other hand, the concept of the informal sector was introduced into international usage in 1972 by the International Labor Organization (ILO) in its Kenya Mission Report. Though there is no consensus on the definition of the informal sector, coupled with the

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