How would you distinguish between organised and unorganised sectors? Explain in your own words.

Here’s a concise breakdown in points:

Organized Sector:
1. Formal Structure: Operates with a formal setup, following specific rules and regulations.
2. Large-Scale Operations: Involves larger businesses with a significant workforce and well-defined structures.
3. Regulated: Adheres to government regulations regarding labor laws, taxation, and other legal requirements.
4. Better Working Conditions: Provides more standardized working conditions, job security, and access to benefits for employees.

Unorganized Sector:
1. Informal Nature: Operates informally without many formal structures or adherence to regulations.
2. Small-Scale Operations: Comprises small businesses, self-employed individuals, and daily wage workers.
3. Limited Regulations: Operates outside formal regulations, resulting in fewer legal compliances and worker protections.
4. Vulnerable Workforce: Workers often face irregular incomes, lack of job security, and limited access to benefits or social security schemes.

These points highlight the key differences between the organized and unorganized sectors based on their formalities, scale, adherence to regulations, and the level of security and benefits provided to the workforce.