Question

Explain the differences between the organised and unorgan ised sector of economic activities.

Answer 1

The organized sector provides formal employment with job security, fixed working hours, and benefits like pensions (e.g., government jobs). The unorganized sector includes informal jobs without legal protection, such as daily wage laborers. Organized sectors contribute to GDP stability, while unorganized sectors face challenges like exploitation and lack of social security. Balancing both sectors is essential for equitable economic growth.