Write any five difference between organised and unorganised sector?
Organized:-
Terms of employment are regular .
Regulated by government.
workers work for fixed hours.
employment is assured.
additional benefits.
Unorganized:-
Employment is not regular.
Not regulated by government.
Work for more hours without proper payment.
employment is unsecure
Low pay and no additional benefits...
Write any five difference between organised and unorganised sector?
Differences between Organised and Unorganised Sector
1. Size and Structure
- The organised sector consists of large-scale enterprises with a formal structure and clear hierarchy. These businesses comply with labor laws, have established processes, and maintain proper records.
- In contrast, the unorganised sector is made up of small-scale and informal businesses. These enterprises often operate without legal registration, lack proper documentation, and may not adhere to labor regulations.
2. Employment Conditions
- Workers in the organised sector typically enjoy better working conditions, such as regular working hours, job security, social security benefits, and access to healthcare and other employee benefits.
- Employees in the unorganised sector often face precarious employment conditions, including long working hours, low wages, lack of job security, limited access to social security benefits, and minimal or no employee benefits.
3. Productivity and Efficiency
- The organised sector tends to be more productive and efficient due to the adoption of modern technology, streamlined processes, skilled workforce, and better management practices.
- The unorganised sector may lack efficiency and productivity as a result of limited resources, outdated technology, lack of skilled labor, and informal organizational structures.
4. Income Disparities
- Income differentials between the organised and unorganised sectors are significant. Workers in the organised sector generally earn higher wages and have more stable income compared to those in the unorganised sector.
- Employees in the unorganised sector often face income disparities, with many struggling to make ends meet due to low wages, irregular work opportunities, and lack of financial stability.
5. Regulation and Oversight
- The organised sector is subject to strict regulation and oversight by government authorities to ensure compliance with labor laws, safety standards, tax regulations, and other legal requirements.
- The unorganised sector operates largely outside the purview of formal regulation, making it more susceptible to exploitation, unfair labor practices, and other challenges related to informal economic activities.
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