CBSE Sample Paper 2023-24
NCERT Class 10 Social Science
Description:
The organized sector comprises regulated industries adhering to labor laws, providing formal employment and benefits. In contrast, the unorganized sector includes informal enterprises with no formal regulations, often lacking worker protections, benefits, and stable wages.
Preferred Employment Sector: Organized vs. Unorganized
Organized Sector:
– Benefits: Job security, regulated working hours, formal contracts, and statutory benefits like provident fund, health insurance.
– Preference: Favored due to stability, legal protections, consistent wages, and access to benefits, providing a structured work environment.
Unorganized Sector:
– Advantages: Flexibility, easy entry, diverse job opportunities.
– Limitations: Lacks formal contracts, job security, regulated wages, and benefits.
– Preference: Some prefer flexibility or quick entry but lacks stability and legal protections.
The organized sector often appeals due to stability and benefits, while the unorganized sector might attract those seeking flexibility. Individual priorities and needs determine the preferred sector, as the organized sector offers stability, while the unorganized sector provides flexibility but lacks security and benefits.