Division of sectors as organized and unorganized
Answers
organized sectors
organized sectors covers those enterprises order places of work where the terms of employment are regular and therefore people have assured work. They are registered by the government and had to follow so e rules and regulations which are given in various laws such as Factories act,Minimum wages act, Payment of gratituity act,Shops and establishment act etc..Hence it is called organized sectors.
Unorganized sectors
Unorganised sector is one where the employment terms are not fixed and regular, as well as the enterprises, are not registered with the government. A number of acts apply to an organised sector like Factories Act, Bonus Act, PF Act, Minimum Wages Act, etc. whereas unorganised sector is not governed by any such act.
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