Follow us on:   
Generic filters
Exact matches only
Search in title
Search in content
Search in comments
Filter by Content Type
Resource Listings

Formal economy

Wikis > Formal economy

The formal economy is defined by the exchange of labour (product or service) for a recognized form of currency. It encompasses all jobs with normal hours and regular wages, and are recognized as income sources on which income taxes must be paid.


Business, “Formal sector.” Online: (Retrieved on August 14, 2014)

Canada Career Information Partnership. A Career Development Resource for Parents: Helping parents explore the role of coach and ally. 2006. Online: (Retrieved on May 27, 2014)

Skip to toolbar