Question

write the differences between organised and unorganized sector

Answer 1

Organized sector includes those businesses, factories,enterprises, industries, schools, hospitals and units which areregistered with the government. It also includes shops, clinic and offices that possess aformal license.On the other hand, unorganized sector consist of the workers and enterprises that are not under governmentregulation, unlicensed, self-employed or unregistered economic activity. This also includesunincorporatedprivate enterprises owned by individuals or households engaged in the production of goods and services operated on a proprietary or partnership basis andwith less than ten total workers.Handicraft and hand-loom workers, domestic help, migrant workers, building and construction workers,street vendors, wage-earning jobs like crop-harvesting, cleaning and any other unprotected occupation are covered under unorganized sector.Informal sector is sometimes referred to as shadow economy.

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.