What are the advantages and disadvantages of both organised and unorganized sector?? (A correct link ll also do)

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What are the advantages and disadvantages of both organised and
unorganized sector?? (A correct link ll also do)

Akilandeswari · Accepted Answer

Organised
Sector:

Advantages
Disadvantages

Safety aspects
of labour are better looked into
Social
security payments such as pension, disability benefits are
available
Regular
training ensures skill development

Extremely
linked to world economy, even slight recession leads to
layoffs
Since
multinationals search for cheapest wages, salaries are lowered due
to international competition
In an attempt
to lower wages, sometimes workers safety is compromised (E g Union
carbide accident)

Unorganised
Sector:

Advantages
Disadvantages

This sector is
able to absorb additional labour during peak seasons and let them
off during peak periods
Lower skilled
and qualified labour is also able to join the workforce

There are no
social security payments like pension etc
Poor
production methods lead to pollution and waste
This sector is
extremely prone to few customers rather than having large base of
customers causing uncertainty in revenues

Advantages	Disadvantages
Safety aspects of labour are better looked into. Social security payments such as pension, disability benefits are available. Regular training ensures skill development.	Extremely linked to world economy, even slight recession leads to layoffs. Since multinationals search for cheapest wages, salaries are lowered due to international competition. In an attempt to lower wages, sometimes workers safety is compromised (E.g. Union carbide accident).

Advantages	Disadvantages
This sector is able to absorb additional labour during peak seasons and let them off during peak periods. Lower skilled and qualified labour is also able to join the workforce.	There are no social security payments like pension etc. Poor production methods lead to pollution and waste. This sector is extremely prone to few customers rather than having large base of customers causing uncertainty in revenues.