Advantages of unorganized sector in points
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Organised Sector:AdvantagesDisadvantagesSafety aspects of labour are better looked into.Social security payments such as pension, disability benefits are available.Regular training ensures skill development.Extremely linked to world economy, even slight recession leads to layoffs.Since multinationals search for cheapest wages, salaries are lowered due to international competition.In an attempt to lower wages, sometimes workers safety is compromised (E.g. Union carbide accident).
Unorganised Sector:AdvantagesDisadvantagesThis sector is able to absorb additional labour during peak seasons and let them off during peak periods.Lower skilled and qualified labour is also able to join the workforce. There are no social security payments like pension etc.Poor production methods lead to pollution and waste.This sector is extremely prone to few customers rather than having large base of customers causing uncertainty in revenues.
Unorganised Sector:AdvantagesDisadvantagesThis sector is able to absorb additional labour during peak seasons and let them off during peak periods.Lower skilled and qualified labour is also able to join the workforce. There are no social security payments like pension etc.Poor production methods lead to pollution and waste.This sector is extremely prone to few customers rather than having large base of customers causing uncertainty in revenues.
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