46% of economic activity in San Felix is informal and 88% of this is directly related to the sale of food, which leads to the conclusion that “the food moves the economy” of that part of Ciudad Guyana says economist Marco Tulia Mendez.
The data shows these figures come from a study of poverty and unemployment by the Center for Research on Education, Productivity and Life (Kiev) of the Universidad Catholic Andres Belo de Guyana.
According to the report of the research center, the informal economy is divided into two major sectors: food stalls and street vendors. Together account for nearly half of business in San Felix.
In the formal economy, food retailers occupy 39% of the total, exceeding fifteen percentage points to the industrial sector, which ranks as the second economic strength of San Felix.
This informality in San Felix trade directly affects the levels of poverty and unemployment in that area, since this type of trade encourages school age youth beginning in the labor market right after the high school and even before and “while lowest educational level the higher the percentage of poverty.”
In Puerto Orders, in contrast to its sister city, the pyramid is inverted because the educational level is higher and this “can get a job with better income level and improving the quality of life,” said Mendez.
Possibly Related Articles:
- How to increase business productivity Microsoft 2010
Microsoft, the software giant based in Redmond (Washington, USA), brought together more than 400 partners and customers in the sixth edition of CEUS (Spanish Conference of Users of Share Point) that t... - Productivity and Information Technology
One of the most repetitive in the print and electronic media such as television, radio or the Internet is related to competitiveness and productivity of our country or state, or even municipalities an... - How to overcome the crisis in spain
In Spain, one of the elements considered essential to overcome the crisis is improving the productivity of the country.
It is generally diagnosed since the mid-eighties; the growth of total factor pr... - How to make a Business Plan
A business plan is a way to express what they want to achieve with you, forgive the repetition, business, and serves among other things, to obtain credit from banks, etc., when seeking financing to st... - Running a successful Internet business
Open your own business has become fashionable to Internet by low investment costs, but understand that this is an Internet business is likely to be complicated, but when success is running the story i... - Information about the Business
When starting a business, is very important to know in detail all the implications and legal obligations we must meet, because, personally and had the opportunity to see how big projects coming down f... - Business Information Online
The first national platform for exchange on-line documents and information between companies, Gaia Net Exchan, already has more than 100 user organizations, said today the Basque business cluster GAIA... - ICT and Its Power to Grow a Business
Information and communication technology or known as ICT, has become the crucial factor is human’s life. Let’s take an instant sample, in business development and growth. This technology support is co... - Competitive Analysis
If you have already begun to study the market where the activity will develop your business, you have found your future competitors. In my case is still one of the most enjoyable aspects of the busine... - Germany-China seal economic engines business millionaires
The Chinese vice Premier Li Keying, likely next head of government of China could gain influence in Germany in the short term. During a visit to Berlin, Li agreed with Merkel business some 8,700 milli...