define the term organised sector explain three demerits of an organised sector
Answers
Answer:
Unorganised sector is characterised by small and scattered units which are largely outside the control of the government.
Three disadvantages of unorganised sector:
(i) Employment is not secure.
(ii) Generally jobs in such type of sector are low paid and generally not regular.
(iii) Employers do not make provision for overtime payment, paid leaves or holidays, medical facilities, gratuity and provident fund.
Answer:
Organised sector consists of workers in private or public sector that receive regular salaries, emoluments and other benefits including leaves and social security in the form of provident funds and gratuity. They work under fixed terms of employment and cannot be terminated in a casual manner without notice.
Explanation:
Three demerits of an organised sector:
(i) They get less wages. (ii) Employment is subject to a high degree of insecurity and the people can be asked to leave without having to any reason. (iii) There is no provision for overtime, paid leave, holidays, leave due to sickness etc.M