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Why more people engaged in organised sector than in unorganised sector?
Wiki User
∙ 10y ago
organised sectors are handled by govt. and have paper work and works according to the rules and laws abided to them.
think by your own and try to justify.
use ur brain plz.......
Wiki User
∙ 10y ago
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What is the meaning of a formal sector?
On the basis of employment conditions, activities in the economy are classified as organised and unorganised. The organised sector offers job security and employment benefits, while the unorganised sector is marked by low wages and lack of job security. The organised sector covers those enterprises of work where the terms of employment are regular and where people have assured employment. It is registered, follows government rules and regulations, and has employees and employers union. It is called organised as it has some formal processes and procedures. The employment conditions prevailing in the organised and unorganised sectors are vastly different. The organised sector has companies registered with the government and hence, it offers job security, paid holidays, pensions, health, fixed working hours, extra pay for overtime work, medical and other allowances, gratuity, superannuation, provident fund, and various other benefits. In the organised sector, rules and regulations given in various laws by the government such as Factories Act, Minimum Wages Act, Payment of Gratuity Act, Shops Establishments Act, etc. Most of the services, industries, schools and factories fall under this category.
What has the author Irene Tom written?
Irene Tom has written: 'Women in unorganised sector' -- subject(s): Employees, Silk industry, Women silk industry workers 'Women in Organised Sector'
Difference between organised and unorganised retail sector?
Differences between organised and unorganized retail can be specified on the basis of their ownership, logistic and supply chain facilities and structure of management (Both in formal and In formal buying organisation ) .
What is difference between organised and unorganised sector?
1. Organized sector cover those enterprises or places of work where the terms of employment are regular and people have assured work. But unorganized sector is characterized by small and scattered units which are largely outside the control of government. 2. Workers in organized sector enjoy security of employment. But employment is not secure in unorganized sector. People can be asked to leave without any reason. 3.They are paid for the overtime. But there is no provision for overtime.
What are the disadvantages of unorganised sector?
In unorganised sector, jobs are low paid and are often not regular. There is no provision for overtime, paid leave, holidays, leave due to sickness etc. Employment is not secure. People can also be asked to leve any time are permanenrlt required.
What are Disadvantages of primary sector?
less income unorganised sector cant contribute more for the economy
Meaning of unorganised sector?
The unorganised sector of the economy refers to the house-hold based manufacturing activity and small scale and tiny sector of industry.An unorganized sector is one in which there is no stability in profits or gains.Its production is limited and it is confined to limited area.It requires less man power and investment.The handicrafts, artisan professions, khadi and village industries, such as handloom sector, beedi making, agarbatti making, hand paper manufacture and match box industries etc., can be located in the unorganised sector of the Indian economy.
What is organised sector?
The sector,which is registered ,follows Govt. rules n regulations,have employees n employers union is called organised sector.The company form of business comes under organised sector.The private retail business is called un organised sector.Reliance retail is in organised sector,as it is in a company form n registered.
Definition of organised sector?
A sector which act according to government rules with many employers and have a defined pattern of wages is called organised sector. It have high profits and i irreparable loses. all developed countries follow this sector.
What does the money market consist of?
organised sector
What are the disadvantages of primary sector?
less income unorganised sector cant contribute more for the economy
Does employment in agriculture comes under semi organised sector?
yes
