Economists and others often make a distinction between the organised or
formal and the unorganised or informal sector. There is a debate over how to define
these sectors. According to one definition, the organised sector consists of all
units employing ten or more people throughout the year. These have to be
registered with the government to ensure that their employees get proper salaries
or wages, pension and other benefits. I
Select a statement which shows the connection between capitalism in India and employment .
Answer & explanation
Correct answer: option 1
In India, in 1999-2000, nearly 60% were employed in the primary sector (agriculture and
mining), 17% in the secondary sector (manufacturing, construction and utilities),
and 23% in the tertiary sector (trade, transport, financial services.