Division of Sectors as Organised and Unorganised
There are two other types of work environments: the organised and the unorganised. The organised sector is licensed by the appropriate authority and operates in accordance with its regulations. The unorganised sector, on the other hand, is not registered with the government and is therefore exempt from regulations. The former group includes large-scale endeavors like corporations, governments, and industries, whereas the latter group consists of more modest endeavors like private businesses and sole proprietorships.
|
Organised Sector |
Unorganised Sector |
| Well-structured governance that is acknowledged by the Indian government | Having a poor structure and receiving no recognition. |
| The employees are guaranteed to have stable employment conditions, consistent working hours, and consistent pay. | There are no predetermined terms of employment, arbitrary work hours, and no set pay rate. |
| The employees are eligible to get benefits, including medical care and others. |
There is not a single advantage of any kind offered. |
| The personnel is compensated well and provided with a safe and pleasant working environment. | The workers are not eligible for any benefits or salaries of any kind. In addition, there is no assurance that the workplace will be safe and healthy. |
| Additionally, organised sectors in India adhere to all applicable laws and regulations, including the Minimum Wages Act, the Factories Act, the Gratuity Payment Act, the Retail Shops & Establishments Act, and others. |
The unorganised industry in India does not comply in any way with the laws and regulations that are in place. |
| Ex- Government-sector jobs, industries, etc | Ex- Farming, bonded labor, shopkeeping, etc |
How to Protect Workers in Unorganised Sector
The need for protecting and supporting the workers in the unorganized sector has been in consideration:
- The Government fixes the minimum wage rate and also working hours.
- The government provides cheap loans for people who are self-employed.
- Government can provide cheap as well as affordable services like basic needs of education. health and also nutrition for the workers.
- The government can help in framing new laws for providing overtime, paid leaves, paid sick leaves, etc.
CBSE Notes Class 10 Economics Chapter 2 : Sectors of the Indian Economy
An economy is understood better when we study its components or sectors. So, in the CBSE Notes Class 10 Economics Chapter 2- Sectors of the Indian Economy, we will learn important aspects of the 3 types of classification of the economy; primary, secondary, and tertiary, organized/unorganized, and public/private sectors. To understand this chapter better, we will relate the topics to daily life and these topics will help us to familiarise ourselves with some fundamental concepts like employment, Gross Domestic Product, and so forth.