Question

unorganized sector disadvantage ?
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Answer 1

Answer:

Three disadvantages of unorganised sector:

(i) Employment is not secure.

(ii) Generally jobs in such type of sector are low paid and generally not regular.

(iii) Employers do not make provision for overtime payment, paid leaves or holidays, medical facilities, gratuity and provident fund.

Explanation:

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Answer 2

The unorganized sector has multiple disadvantages due to the lack of a defined structure.

Explanation:

• The unorganized sector of economic activities is the sector that is not well organized. It generally includes workers such as daily wage earners, laborers, etc.
• The unorganized sector is identified by the presence of a large workforce without any specific skills.
• Due to the lack of skills or expert knowledge, the workers in the organized sector or raised.
• The accounts of this sector are also not well maintained due to which tracking monitory flows is very difficult.
• The Unorganized sector does not follow governmental regulations and is not accounted for in the calculation of the national income.