Question

classify the sectors of economy on the basis of nature of employment

Answer 1

The sectors of the economy basis of nature of employment is the organised and the unorganised sector.

The organised sector: This sector of the economy follows specific rules, guidelines and procedures for the recruitment, wages and working conditions of the people employed.

The unorganised sector: In this sector of the economy, no specific guidelines and rules are followed. The employment criteria and the working conditions are at the whims and fancies of the employer. The workers in this sector of the economy are susceptible to exploitation.