Question 15

How are the activities in the economy classified on the basis of employment conditions?

Answer

On the basis of employment conditions the economy are classified into organized and unorganized sectors. Organized sector: it includes the enterprises registered under the government of india, who have an employee

– friendly environment and are provided with various facilities including high wages. Unorganized sector: it includes the small and scattered units which largely outside the control of the government. There are rules and regulations but these are not followed in this sector. Jobs here are low –paid and often not regular.

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