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The Growth of Informality in Peru Due to the COVID-19 Pandemic and How to Fight It

The Growth of Informality in Peru Due to the COVID-19 Pandemic and How to Fight It 0k9rO
Informality is a problem because it can have negative effects on the economy and society in general. In economic terms, informality can reduce the productivity and competitiveness of an economy, since informal companies often have less access to financing, technology, and other resources that allow them to improve their performance. In addition, informality can make it difficult to collect taxes, which can limit the government's ability to finance essential public services.
Informality is a problem
because
it can have
negative
effects on the economy and society
in general
. In economic terms, informality can
reduce
the productivity and competitiveness of an economy, since informal
companies
often
have less access to financing, technology, and other resources that
allow
them to
improve
their performance.
In addition
, informality can
make
it difficult to collect taxes, which can limit the
government
's ability to finance essential public services.
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IELTS essay The Growth of Informality in Peru Due to the COVID-19 Pandemic and How to Fight It

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