Distinguish between organised and unorganized sector in India.
Answers
Answer:
Organised Sector is a sector where the employment terms are fixed and regular, and the employees get assured work. Unorganised sector is one where the employment terms are not fixed and regular, as well as the enterprises, are not registered with the government.
Explanation:
Organised sector
(i)The sector is registered by the government.
(ii) The terms of employment are regular.
(iii) The sector is governed by various laws such as the Factories Act, Minimum Wages Act, etc.
(iv) This sector includes banks, hospitals, schools, etc.
Unorganised sector
(i) The sector is not registered by the government.
(ii) The terms of employment are not regular.
(iii) The sector is not governed by any act.
(iv) This sector includes a large number of people who are employed on their own doing small jobs, etc.