Answer to Question #212678 in Law for Reabetswe

Question

Draw a distinction between ‘formal social security’ and’ informal social security’.  

Answer 1

Formal social protection is defined to include actions taken by the public sector (alone or in conjunction with other parties such as non-governmental organizations and donors) and private sector arrangements that have legal backing. Informal social protection (ISP) is structured by social relations. Care and support is provided to family, community and group members through social structures and social networks. While an essential part of all societies, ISP does not always support or protect.