APPRAISAL OF INFORMAL ECONOMIC ACTIVITIES IN THE AGRICULTURAL SECTOR

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dc.creatorEvbuomwan, Grace O.
dc.date1997-06-04
dc.date.accessioned2025-04-01T12:25:14Z
dc.descriptionBefore appraising the informal economic activities in the agricultural sector it may be necessary first to decipher what constitutes an informal economic activity. This can be i~fe rred from the definition of the informal sector although there does not seem to be a consensus yet on the exact definition of the term. Perhaps, the pioneering work of Hart (1973) which defines an informal sector as where income is derived from self employment could be a good basis. According to Obadan et. al. (1996), the works of Sethurama (1976, 1990), Hug an (1971 }, Charmes (1990), Bromey (1979), Macgraffey and Windsperger (1990) and others have adopted variants of employment/income based classification that are similar to that of Hart. However, the most frequently adopted definition is that from the International Labour Organisation (ILO) (1976); which defines informal enterprises as those that employ a handful of workers, who earn low income, utilize rudimentary or subsistence technology and operate largely outside the boundaries of government regulations governing businesses in general. This definition by the ILO aptly describes most of the activities in the agricultural sector in Nigeria, which ·is still largely peasantry, relaying on rudimentary technology, employing mainly family labour and operated on small scale.
dc.formatapplication/pdf
dc.identifierhttp://eprints.covenantuniversity.edu.ng/10155/
dc.identifier.urihttps://repository.covenantuniversity.edu.ng/handle/123456789/39459
dc.languageen
dc.subjectHB Economic Theory, HG Finance
dc.titleAPPRAISAL OF INFORMAL ECONOMIC ACTIVITIES IN THE AGRICULTURAL SECTOR
dc.typeConference or Workshop Item

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