How are the activities in the economy classified based on employment conditions?

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Organised sector

Unorganised sector

Both 1 and 2

None of the above

answer is C.

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Detailed Solution

Activities in the economy classified based on employment conditions of organised and unorganised sectors.
The organised sector includes the enterprises or workplaces registered with the government and following all the rules. It employs only 17% of the workforce. They provide a regular type of employment with job security. The management provides good working conditions like pure drinking water, meals, and a good working environment. The employees are required to work for a fixed number of hours daily. The unorganised sector comprises a large proportion of labourers in India working in this sector. The form of employment in these sectors is irregular, and living in poverty. These sectors do not provide any job security or proper working conditions.

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