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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
What are the Advantages of unorganised sector?
The unorganised sector offers several advantages, including flexibility in employment opportunities and the ability to absorb a large workforce, which is crucial in economies with high unemployment rates. It often requires lower capital investment, making it accessible for small entrepreneurs and informal workers. Additionally, the unorganised sector can respond quickly to market demands and changes, fostering innovation and adaptability. Lastly, it provides essential services and goods to underserved populations, contributing to overall economic activity.
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.
What are Disadvantages of primary sector?
less income unorganised sector cant contribute more for the economy
What are the disadvantages of unorganised sector?
In unorganised sector, jobs are low paid and are often not regular. There is no provision for overtime, paid leave, holidays, leave due to sickness etc. Employment is not secure. People can also be asked to leve any time are permanenrlt required.
What are the disadvantages of primary sector?
less income unorganised sector cant contribute more for the economy
What are the Advantages of unorganised sector?
The unorganised sector offers several advantages, including flexibility in employment opportunities and the ability to absorb a large workforce, which is crucial in economies with high unemployment rates. It often requires lower capital investment, making it accessible for small entrepreneurs and informal workers. Additionally, the unorganised sector can respond quickly to market demands and changes, fostering innovation and adaptability. Lastly, it provides essential services and goods to underserved populations, contributing to overall economic activity.
What has the author Irene Tom written?
Irene Tom has written: 'Women in unorganised sector' -- subject(s): Employees, Silk industry, Women silk industry workers 'Women in Organised Sector'
Why it is necessary to give protection and support to unorganised sector workers?
Unorganised sector workers are vulnerable to exploitation and often lack access to necessary benefits such as healthcare, social security, and fair wages. Providing them with protection and support can help ensure their basic rights are upheld, improve their working conditions, and enhance overall social and economic development. It is essential for promoting social justice and reducing poverty.
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.
Why more people engaged in organised sector than in unorganised sector?
organised sectors are handled by govt. and have paper work and works according to the rules and laws abided to them. think by your own and try to justify. use ur brain plz.......
Distinguish features of organised and unorganised financial systems in finance?
What are the features of organised and unorganised
What is the percentage of organised and unorganised retail in India?
what is the percentage of organised oan unorganised retail in india
What is the meaning of core sector?
definition of core sector
Why unorganised sector is more in India?
The unorganised sector in India is more prevalent due to several factors, including a lack of regulation and oversight, which allows for informal employment to flourish. Many individuals turn to this sector for immediate livelihood opportunities, as it often provides quicker access to jobs without formal qualifications or lengthy hiring processes. Additionally, limited access to capital and resources, combined with a large rural population and high levels of poverty, push many workers into informal employment where job security and benefits are minimal. This sector also thrives in urban areas where small-scale businesses operate without proper registration.
