Difference between Formal and Informal Sectors in India

The economy of a country is one of the main elements of development. The economy consists of processes like the production, distribution, and consumption of goods and services. These processes are operated differently in different sectors of the economy, which can be named the “formal and informal sectors” The functioning and operations of both the … Read more

Civil Society: Development, Characteristics & Significance

Introduction: One of the important characteristics of modern society is the differentiation of social life into different spheres, such as the family, the economy, civil society, and the state. Unlike this, pre-modern societies were less differentiated and the functions (social, economic, political, cultural) were all under the ambit of one head or a few institutions … Read more