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- 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.
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What are Disadvantages of primary sector?
less income unorganised sector cant contribute more for the economy
What are the disadvantages of primary sector?
less income unorganised sector cant contribute more for the economy
Meaning of corporate sector?
Corporate Sector is a term used to describe a certain section of society. It can consist of companies, industries and businesses.
What is the meaning of sector?
Sector is a classical breakdown of the population that is built upon the economic area in which they are employed. An economy can have many sectors, like the global company or a particular city.
Meaning of cooperative sector in Indian economy?
The cooperative sector can be defined as that sector of the economy carried out by cooperatives, defined by the International Cooperative Alliance as "autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise." The cooperative sector is distinguished from the state or public sector, which is carried out by the State and its instrumentalities including public corporations, and to the so-called private sector, which is carried out by private individuals and organizations.
