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The labour market in developing countries exhibits distinct characteristics that differentiate it from the labour markets in developed economies. One of the most prominent features is the prevalence of a large informal sector. A significant portion of the workforce in developing countries is engaged in informal employment, which includes casual labor, self-employment, and unregistered enterprises. Workers in this sector typically lack social security benefits, job contracts, and legal protections, making their employment highly insecure and vulnerable to economic fluctuations. This informal sector often coexists with a smaller formal sector that provides better wages, security, and benefits, creating a dual structure in the labour market. Another important feature is underemployment and disguised unemployment. Many workers, especially in rural areas, are employed in agriculture or low-productivity activities where their contribution to output is minimal. This phenomenon is particularly common in subsistence farming, where more workers are engaged than _________ ______ __________ ______ ______ _____ ______ __________.
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