classify industries on the basis of employment
Answers
Industries are classified as organized and unorganized sector.
The organized sector covers those enterprises where the terms of employment are regular and therefore people have assured work.
The unorganized sector consists of small and scattered units outside the control of the government. Here the term of employment is not regular.
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Answer:
On the basis of employment conditions, the activities in the economy are classified into organized and unorganized sectors.
→ Organized Sector :This sector covers those enterprises which are registered by the government and have to follow its rules and regulations. For example, Reliance Industries Ltd., GAIL etc.
→ Unorganized Sector : It includes those small and scattered units which are largely outside the control of the government. Though there are rules and regulations but these are never followed here. For example, casual workers in construction, shops etc. In this sector there is no job security and the conditions of employment are also very tough.