The Formal economy sector is supported by the informal economic sectors. In Trinidada and in many other developing countries high population growth rates and migration from rural to urban areas have increased informal economies. According to Potter and LLoyd 1998, there are 4 types of informal sub-sectors namely; subsistence,capitatlists, criminal and small-scale producers which is the focus of this picture. the picture identifies a civilian on the streets in port of spain partaking in the informal sector by selling cds on the side of the street. the characteristics of the informal sector include: ease if entry, limited to no skills needed, and unregulated market, irregualur hours and pay, and it is small scale. the informal sector benefits a number of people especially poor persons as it provides them with goods and servces at an affordable price.
I love this picture...It is similar to the doubles vendor picture that I did for one of my Blogs. This picture reflects the entrepreneurial spirit of the people in the Caribbean. The gentleman saw a need and a business was established. He occupies a space
ReplyDeletethat may not be legal due to the close proximity of the roadway, but he seems comfortable. Can we say that these sidewalk vendors are a welcome addition or a hazard? It depends on who can relate to the situation. for the ordinary lay-man a convenient service is being provided. for the people that produce the videos he is selling , that might be a problem due to copyright issues and so on.
From Hall and Barrett the city can be viewed as pro or anti- urban, this is in keeping with images of the city. I believe this is a positive image...
Typos, miss -- please attend to these. Lovely pic.
ReplyDeleteWhere is the entry that ties three of your course colleagues' blogs together with yours?
Good effort, though it seems a bit rushed.