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Economics

How would you distinguish between organised and unorganised sectors? Explain in your own words.

Econ Sectors Ind

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Answer

Organised and unorganised sectors have following major differences:

  1. The organized sector includes businesses, industries, and enterprises that are registered with the government while the unorganized sector comprises small-scale enterprises or units that are not registered with the government.
  2. Employees in organised sector have fixed employment terms and regular work while employment terms are irregular and not fixed in case of unorganised sector.
  3. Their is job security, perks and other benefits in organised sector while such facilities are not available in unorganised sector.

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