Ram is working with ABC limited (has 25 employees), a private company and his friend Dev, having same years of experience and similar qualifications, working in a government company, is commanding higher amount of salary. Also Dev is entitled to receive pension and gratuity amounts after his retirement whereas Ram is entitled to receive only his provident fund contributions. What can we say about the two friends?

Quality of employment for Dev is better than Ram.

Quality of employment for Dev is better than Ram. All the public sector establishments and those private sector establishments which employ 10 hired workers or more are called formal sector establishments.