Words / I / Business

informality

noun/ˌɪnfɔːˈmælɪti/

C1CEFR level
70/100Rarity: rare
TechnicalRegister

The share of economic activity conducted outside formal, taxed, and regulated employment.

High informality meant half the city's workers had no contract, no payslip, and no safety net.

Topic: Economics in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Economics