How are the activities in the economy classified on the basis of employment conditions ?
Answers
Economic activities classified on the basis of Employment conditions are organized sectors and unorganized sectors. Explanation: Organized sectors and unorganized sectors are two classification of an economy based on unemployment condition. Based on the organized sectors, regular terms of work covered by enterprises.
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Answer:
How are the activities in the economic Classified on the basis of
employment conditions?
Ans. Organised Sector
1. This sector works under the certain rules and regulations formed
by government.
2. it check strictly the exploitation of labour.
3. workers have job security.
4. workers get regular monthly salary.
5. workers get benefit like provident fund, paid leaves, medical
facilities etc.
6. working hours are fixed.
7. the main motive is profit maximization and public welfare.
Unorganised sector:-
1. this sector does not work under any rules and regulations.
2. it does not check exploitation of labour.
3. workers to not have job security.
4. workers get daily wages.
5. Workers do not get any such benefits.