Choose the correct meaning of organised sector:a)It covers those enter...
Organised Sector is a sector where the employment terms are fixed and regular, and the employees get assured work.
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Choose the correct meaning of organised sector:a)It covers those enter...
Organised sector refers to those enterprises that have regular employment terms for their workers. This sector is usually regulated by the government and follows certain rules and regulations to ensure fair and equitable treatment of workers.
Importance of Organised Sector
The organised sector plays a critical role in the economy of any country. It provides stable and regular employment to a large number of people and contributes significantly to the GDP of the country. It also ensures that workers receive fair wages, benefits, and working conditions.
Characteristics of Organised Sector
The following are the key characteristics of the organised sector:
1. Regular employment terms: Workers in the organised sector have regular employment terms, which means they have a fixed salary, working hours, and benefits.
2. Legal protection: The organised sector is regulated by the government, which provides legal protection to workers and ensures that they are treated fairly.
3. Social security: Workers in the organised sector are entitled to social security benefits such as healthcare, insurance, and retirement benefits.
4. Collective bargaining: Workers in the organised sector are often part of a union or association that represents their interests and negotiates with employers on their behalf.
Examples of Organised Sector
Some examples of organised sector industries include:
1. Banking and finance
2. Healthcare
3. Education
4. Information technology
5. Manufacturing
6. Hospitality and tourism
7. Retail
Conclusion
In conclusion, the organised sector is an important part of any economy. It provides stable and regular employment to a large number of people and contributes significantly to the GDP of the country. The sector is characterised by regular employment terms, legal protection, social security, and collective bargaining.
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