Question

What is an organised sector?

Answer 1

Answer:

The organized sector comprises certain companies or workplaces in which the employment term is regular and employees are also guaranteed employment. They are authorized by the government and must comply with the laws and regulations set out in various laws, including the Minimum Wages Act, Factories Act, the Gratuity Payment Act, the Shops and Establishments Act, and so on.

• The companies, hospitals and schools managed by the organised sector are subject to a variety of acts.
• It is quite hard to join the organized sector, as appropriate registration of an organization is expected.
• The sector is governed by the government and taxed.
• One instance of an organized sector is a physician or doctors in a hospital.