Question

Organised and unorganised sector in economic system

Answer 1

Sectors are majorly divided into three categories primary, secondary and tertiary. Based on the employment conditions these are further classified as an organised and unorganised sector. The organised sector is one that is incorporated with the appropriate authority or government and follow its rules and regulations. On the contrary, the unorganised sector can be understood as the sector, which is not incorporated with the government and thus, no rules are required to be followed.

Answer 2

Organised Sector:-

The workers enjoy the security of employment in the organised sector.

Workers get regular monthly salary.

The activites are registered by the government and one has to follow the rules and regulations.

Workers are benefits like provident fund, paid leave, medical benefits, etc.

Working hours are fixed in organised sector.

Working Condition are favourable.

Unorganised sector :-

The small and scattered units, which are mostly outside the control of the government, come under the unorganised sector.

Workers get daily wages.

Rules and regulations are not followed here.

Workers do not get any such benefits.

Working hours are not fixed here. Sometime, workers work for more than 10 hours.

Workers condition are not favourable.