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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.

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15y ago

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What does the money market consist of?

organised sector


Definition of organised sector?

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Does employment in agriculture comes under semi organised sector?

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Why more people engaged in organised sector than in unorganised sector?

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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.


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What are the advantages of an Organised sector?

The organized sector typically offers job security, better working conditions, regulation of labor practices, and access to benefits such as health insurance, retirement plans, and paid leave. Additionally, workers in the organized sector often receive higher wages and have opportunities for career advancement and training.


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Irene Tom has written: 'Women in unorganised sector' -- subject(s): Employees, Silk industry, Women silk industry workers 'Women in Organised Sector'


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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 ) .


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Banking is a reliable sector.You get a secure,comfortable job.Moreover you can devote a good balance of time to your family and to your work.Lastly banking sector is an organised sector and is the need for every individual today.Engineering touches people but banking make`s people


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.


Why did you choose banking a your profession?

Banking is a reliable sector.You get a secure,comfortable job.Moreover you can devote a good balance of time to your family and to your work.Lastly banking sector is an organised sector and is the need for every individual today.Engineering touches people but banking make`s peopleRead more: Why_choose_banking_after_engineering