Recent statistics show that Liberia’s labor market is dominated by informal economic activity. Only about 18 percent of working-age Liberians are employed in formal wage jobs, while roughly 82 percent work in informal activities or self-employment (LISGIS, 2021). This means that more people earn their incomes from entrepreneurship than from formal employment. Yet, a majority of the population would still prefer to have a full-time job rather than run a small business.
This tension has been an…
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