1. The part of the economy that is not officially registered, regulated, or taxed by government authorities, typically characterized by self-employment, small-scale businesses, and lack of formal employment contracts
Many people in developing countries work in the informal sector as street vendors or domestic workers.
Muitas pessoas em países em desenvolvimento trabalham no setor informal como vendedores ambulantes ou empregadas domésticas.
2. Economic activities conducted outside the bounds of formal institutions and legal frameworks
The informal sector includes cash-based transactions and undocumented labor.
O setor informal inclui transações em dinheiro vivo e trabalho não documentado.