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The advantages of informal trading include:
Flexibility: Informal traders can quickly adapt to market changes and customer preferences.
Low Start-Up Costs: It often requires minimal capital to start, making it accessible for many people.
No Regulatory Burdens: Informal traders typically operate outside of strict regulatory frameworks, reducing compliance costs and complexity.
Income Opportunities for the Unemployed: It provides a source of income for those who may not have access to formal employment.
Meeting Community Needs: Informal traders can offer goods and services tailored to local community needs.
Stimulating Local Economies: They contribute to the local economy, often circulating money within the community.
Innovation and Entrepreneurship: Informal trading encourages entrepreneurial skills and innovation at a grassroots level.
Al Trader
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