Question

Tell me about organised & unorganised sectors

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.

While the former is related to business, government, industry involving large-scale operations, the latter include small scale operation, petty trade, private business, etc. There is a slight difference between organised and unorganised sector, which is explained in this article in detail. Have a look.