Question

how are the activities in the economy classified on the basis of employment conditions

Please answer asap

Answer 1

On the basis of employment conditions activities are categorized as

Organised and Unorganized:

Organized Sector

• They are registered by the government
• They enjoy job security
• They get several benefits like paid leaves,gratuity,provident fund,pensions etc.
• They have fixed number of working hours. If they work more than the number of working hours then they have to be paid overtime by the employer.
• The factory manager has to ensure safe drinking water and make safe working conditions in the factory for them and they also get medical benefits under the laws.

Unorganized Sector:

• They are not registered by the government.
• Employment is a subject to high degree of insecurity
• A large number of people who are doing small jobs such as selling on the street and street work come under unorganized sector.
• They do not have provision for paid leaves, holiday during sickness etc.
• Workers working in the unorganized sector gets fewer wages

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