Practicing Success
Which of the following options denotes the sector covering those enterprises or places of work where the terms of employment are regular? |
Unorganized sector Organized sector Informal sector None of the above |
Organized sector |
Organised sector covers those enterprises or places of work where the terms of employment are regular and therefore, people have assured work. They are registered by the government and have to follow its rules and regulations which are given in various laws such as the Factories Act, Minimum Wages Act, Payment of Gratuity Act, Shops and Establishments Act etc. It is called organised because it has some formal processes and procedures. |