How are the economics activities in the economy classified into organized sector and unorganized sector
Answers
Answer:
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Explanation:
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.
1. Organized sector
Based on the organized sectors, regular terms of work covered by enterprises. Work is regular and people are assured about their employment conditions.
2. Unorganized sector
Unorganized sectors are such enterprises which are not registered with the government. Units are very scattered and government rules are not imposed on those sectors. Employment is not secured.
Or
On the basis of employment conditions, activities in the economy are classified as organised and unorganised. The organised sector offers job security and employment benefits, while the unorganised sector is marked by low wages and lack of job security.
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Explanation:
it is classified on the basis of working condition.
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