Professional Courses
Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.
Categories
Interactive Games
Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.
Typing
Memory
Math
English Adventures
Knowledge
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define formal economy.
💡 Hint: Think about job security and legal recognition.
Question 2
Easy
What is an example of the informal economy?
💡 Hint: Consider businesses that operate without government oversight.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is a characteristic of the formal economy?
- No fixed wages
- Regular benefits
- Unregulated businesses
💡 Hint: Consider which economy provides job security.
Question 2
True or False: All informal economy jobs are illegal.
- True
- False
💡 Hint: Think about the nature of regulation.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Consider the consequences of relying heavily on informal economies in developing countries. Discuss potential social and economic outcomes.
💡 Hint: Think about the effects on workers and the wider economy.
Question 2
Evaluate how formal and informal economies interact in urban environments. What are the benefits and drawbacks of their coexistence?
💡 Hint: Consider the interdependencies between both economy types.
Challenge and get performance evaluation