In conclusion, the informal sector plays a significant role in the economic development of local areas by providing employment opportunities, contributing to a more diverse and resilient economy, and meeting the daily needs of the local population. While informal businesses may face challenges such as lack of access to formal financing and limited legal protection, they remain a vital part of the economic landscape in many regions. Policies that support and integrate the informal sector into the formal economy can help maximize its potential benefits and promote sustainable development in local communities.
