How are the activities in the economy classified on the basis of employment conditions?

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asked Jul 16, 2017 in Economics by sforrest072 (157,439 points) 63 450 1292

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answered Jul 16, 2017 by Abhishek Kumar (14,593 points) 5 9 37
 
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On the basis of employment conditions, activities in the economy are classified as organised and unorganised. The organised sector offers job security and employment benefits, while the unorganised sector is marked by low wages and lack of job security. In rural areas, the unorganised sector comprises landless agricultural labourers, sharecroppers and artisans. In urban areas, this group contains small-scale industry workers, construction workers, street vendors, rag-pickers, etc.

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