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What Is the Informal Sector and Why Is It Important

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What is the informal sector and why is it important?


Definitions:

Yield Ratios

Metrics used in recruitment to evaluate the effectiveness of the hiring process by comparing the number of applicants at various stages of the process to the number hired.

Cost Per Hire

A metric that calculates the total expenses involved in acquiring a new employee, including advertising, recruiting, and onboarding costs.

Forecasting

The process of making predictions about future events or trends based on data analysis and modeling.

Labor Demand

The total number of hours of employment that employers are willing to hire at a given wage rate, in a specific period.

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