(2000) street vending is viewed as a worldwide phenomenon, found in all countries of developed, transitional and developing economies. Nevertheless, it is important to recognize that street vendors are most numerous in poorer countries, and that they are usually concentrated in urban areas. According to ILO (2002) despite the importance of street vending activities in developed and developing economies, the local authorities consider street vending to be a problem for urban management. The street vendors
Informal sector has been emerged as the most important and essential sector of a country’s economic activities, especially in the developing countries. Accordingly, the informal sector economic activities are global phenomenon (ILO, 2002a). In Africa, for instance, informal sector workers accounted for almost 80 percent of non-agricultural occupations, over 60 percent of urban employment and over 90 percent of new jobs during the past few decades. According to the International Labour Organization
context, the informal sector/economy is the part of an economy that is not taxed and not examined by any form of government. The GDP/GNP of the country did not include all income generation activities of the informal sector unlike the formal sector, mainly due to the lack of information about the sector. It can be defined by different names such as a ancient market in labor other ideas which can be considered as informal sector can include the black market (shadow economy, underground economy). However
Review Street vending is a vibrant sector of the urban informal economy that has attracted sustained academic and policy attention for several decades (Roever, S. 2014; ILO-wiego 2013, Williams and Nadin 2010). Existence of the Street vendors in the developing country is a common Indicators Influencing the Consumer Preferences in Buying from Street Vendors: 133 phenomenon and they are considered as one of the major player contributing in the informal economy of a country. Broadly defined ‘Street vendor’
The informal economy thrives in a context of high unemployment, underemployment, poverty, gender inequality and precarious work. It plays a significant role in such circumstances, especially in income generation, because of the relative ease of entry and low requirements for education, skills, technology and capital. But most people enter the informal economy not by choice, but out of a need to survive and to have access to basic income-generating activities. Street vendors are crucial for the
Hence the question: “should the same set of rules apply to SME entrepreneurs and conglomerates?” It is in the very economy that we find Roadside Entrepreneurs (Street Vendors) who are trading on the streets, squares, transport facilities, etc. These are men and women who are operating under difficult circumstance like, adverse weather conditions, adequate infrastructure, and pressing local trade regulations on