EU Economic Activity Classification Definition Economic activities according to Eurostat NACE Classification values, as specified in Regulation (EC) No 13/06 of the European Parliament and of the Council Governance level The formal sector consists of the businesses, enterprises and economic activities that are monitored, protected and taxed by the government, whereas the informal sector is comprised of the workers and enterprises that are not under government regulation British anthropologist Keith Hart coined the term "informal sector" in 1973 as part of aEconomic activity and expected future levels of it have an important influence on security prices because of the interrelationship between economic activity and corporate profits, inflation, interest rates, and other variables One frequently used measure of economic activity is
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