what is meant by formal sector? What is the status of women in this sector?
Answers
Answer:
Formal sector as activities that are taxed and monitored by the government and the activities involved are included in the Gross Domestic Product(GDP). Formal sectors represent all jobs with specific working hours and regular wages and the worker's job is assured.
Indian women face immense obstacles when they try to join the labour force. It is generally assumed that the problem is restricted to the traditional rather than the modern segments of the economy. It follows that a shockingly low female labour force participation rate will rise as formal enterprises grow.
A recent paper by the World Bank, Reflections Of Employers’ Gender Preferences In Job Ads In India: An Analysis Of Online Job Portal Data, undermines this optimistic assumption. An analysis of more than 800,000 online job recruitment advertisements in the formal and informal sectors shows explicit gender targeting as well as a salary gap in the Indian job market. The data offers harsh insights into the problems faced by working women even in cities—the type that is more likely to be searching online for job opportunities.
Explanation:
Answer:
Very briefly: the formal sector, or the formal part of a country’s economy, is composed of those firms and workers who are engaged in legal [ized] economic activities. Furthermore, if it is a FORMAL firm, company, or corporation, it is legally incorporated, keeping their accounting books [sort of] in order, and is paying their taxes.
status of women in formal sector are :-
1.women works in house and office both
2.womens are considered valuable
3. womens are becoming more concentrated in education
4. women can manage independently
5.womens are becoming secure
Explanation:
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