Question
How are the activities in the economy classified on the basis of employment conditions?
Solution
The activities are classified in the economy on the basis of nature of activity. Generally the economic activities are divided into organised and unorganised sectors. Organised sector includes those enterprises or places of work where the terms of employment are regular.
Activities of organised sector are registered by the government and one have to follow its rules and regulations which are given in various laws. On the other hand activities of unorganised sector are low paid and often not regular, employment is not secure and people can be asked the leave without any reason.
