The organized and unorganized sectors are two categories of employment based on working conditions and legal framework.
Difference Between Organized and Unorganized Sectors:
| Aspect | Organized Sector | Unorganized Sector |
|---|---|---|
| Definition | Enterprises that are registered and follow government rules and regulations. | Enterprises that are not registered and operate on a small scale without government rules. |
| Working Hours | Fixed working hours with proper breaks. | Irregular working hours with long durations. |
| Wages | Salaries are fixed and regular, with additional benefits like PF, insurance, etc. | Wages are low and often irregular with no benefits. |
| Job Security | Employees have job security and protection under labor laws. | No job security; workers can be dismissed at any time. |
| Examples | Government offices, factories, schools, and registered companies. | Small shops, daily wage labor, agriculture, and household services. |
| Class | 0 – 15 | 15 – 30 | 30 – 45 | 45 – 60 | 60 – 75 | 75 – 90 |
|---|---|---|---|---|---|---|
| Frequency | 11 | 8 | 15 | 7 | 10 | 9 |
Leaves of the sensitive plant move very quickly in response to ‘touch’. How is this stimulus of touch communicated and explain how the movement takes place?
Read the following sources of loan carefully and choose the correct option related to formal sources of credit:
(i) Commercial Bank
(ii) Landlords
(iii) Government
(iv) Money Lende