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What is an organized sector?
Formal sectors are organized because they are registered and work according to rules set by government.
What is organized sector?
Formal sectors are organized because they are registered and work according to rules set by government.
What is the difference between formal and informal sector?
Formal sectors is when one has a job that they get paid regularly for eg. monthly (long term job). You often get paid more than informal sectors. An informal sector is not a set job that you get paid for regularly but rather a job that you will only get paid per a day or hour (short term job that is not really relyable). You get paid less.
What is primary sector and secondary sector procurement?
Inputs which are directly and indirectly helpful in functioning of primary sectors are called primary sectors procurements. It may be materials, raw as well as processed materials, man made resources, natural feeding etc. Resources which are all used by the secondary sectors for the benefit of production of goods and services are termed as secondary sectors procurements. The output of primary sectors may be the procurements for the secondary sectors or from the another secondary sectors out put may be used, Services of tertiary sectors also the procurements for both the sectors.
What is the difference between the private and public sectors of your economy?
Public sectors are funded by the government
