ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Small and scatter units which are largely outside the control of the government, is called ____
A
Organised sector
B
Unorganized sector
C
Public sector
D
All of these
Explanation: 

Detailed explanation-1: -The unorganised sector is characterised by small and scattered units which are largely outside the control of the government. There are rules and regulations but these are not followed. There is no provision for overtime, paid leave, holidays, leave due to sickness etc. Employment is not secure.

Detailed explanation-2: -The organised sector is made up of businesses that follow government guidelines and regulations. They are usually larger businesses with more resources. The unorganised sector, on the other hand, is made up of small businesses that do not follow government guidelines or regulations.

Detailed explanation-3: -The following are the 4 unorganised sector examples: Construction companies. Farming. Hotel management.

There is 1 question to complete.