Despite the lack of banks and stores in slums, people still can buy and sell goods and services, usually through the

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The informal economy refers to economic activities that are not regulated by the government and often occur in areas where formal financial institutions, like banks and stores, are scarce or absent, such as slums. This allows residents to engage in buying and selling goods and services outside of formal channels.

Despite the Lack of Banks and Stores in Slums, People