what is meant by unorganized or in formal sector
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However, in a detailed report titled Report on Definitional and Statistical Issues Relating to the Informal Economy was submitted in 2008 in which the Commission has recommended that the Informal Sector be defined as “The unorganized sector consists of all unincorporated private enterprises owned by individuals
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The informal sector consists of enterprises which are labour-intensive. Low-skilled labourers who are desperate enough to work for miserly wages in order to meet their subsistence requirements largely constitute the labour force of unorganised economic activities.
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