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What is organised and unorganised sector |
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Answer» There is fix job security in organised sector while there is not fix job security in unorganized sector Organized Sector:\t Job security/security of employment is present; work is assured.\t Workers are expected to work for a fixed number of hours and are paid overtime if they work overtime.\t They are registered by the government and have to follow many rules and regulations such as the Factories Act, Minimum Wages Act, etc.\t They get benefits such as paid leave, payment during holidays, provident fund, etc.\t They also get medical benefits, drinking water at workplace and safe working environment.\t They get pension when they retireUnorganized Sector:\t No security of employment, they can lose the job anytime.\t They can be worked overtime without compensation.\t They are not registered by the government and they usually do not comply with the rules and regulations.\t They get 0 additional benefits at work.\t They are usually hawkers, labourers and people engaged in contract work.\t They do not get pension when they retire |
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