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

On the basis of employment conditions, activities in the economy are classified as :

1. Organized —
   
   • The organized sector provides job security and formal employment arrangements.
   • Workers in this sector often receive benefits such as health insurance, retirement plans, and paid leave.
   • Example: Corporate offices, government departments, large companies, and registered businesses.
2. Unorganized —
   • The unorganized sector is characterized by lower wages compared to the organized sector.
   • Workers here often lack stable employment contracts and face uncertainty.
   • Example: Street vendors, daily wage labourers, small-scale enterprises, and informal workers.