Characteristic of formal sector in Uganda
- made up of predominantly registered businesses
- mainly provide salaried employment
- has proper record keeping
- businesses are mainly governed by law/acts of parliament
- dominated by corporate ownership of resources
- has employees and employers unions
- mainly use better/improved technology
- mainly produce better quality goods and services
- mainly located in urban/suburban regions
- mainly use skilled labour
- are mainly profit oriented
CATEGORIES Economics
TAGS Dr. Bbosa Science
