In the formal sector of an economy, labor is regulated by law and industry standards by utilizing the capital, unskilled and skilled labor in the production.
What do you mean by the economy?
An economy refers to the state of a country in terms of the production and consumption of goods and services.
The formal sector represents the job with particular working hours. The workers are employed by the private sector or government and regulated by law and industry standards.
Therefore, C is the correct option.
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