Are there any disadvantages of working in organised sector?
Organized sector is the formal sector carrying out production or sale of goods and services.The sector is generally characterized with labor laws,labor unions,minimum wages act and safe working conditions. Strength of workers is more and profits are huge.
Merits : Workers are safer and better paid than workers in informal sector. There are labor laws and regulation for working which don't let them get exploited. Profits are significant and motivates enterprises to maintain the quality of work. Being organized,the enterprises are introduced to new technology and government's support. Accounts are well maintained and submitted.
Demerits : Organized sector is good for an economy but the enterprises have to work under many regulations and limitations.The sector faces frequent strikes and lock ups from laborers side.Govt. enterprise are characterized by inefficiency and mismanagement.
Merits : Workers are safer and better paid than workers in informal sector. There are labor laws and regulation for working which don't let them get exploited. Profits are significant and motivates enterprises to maintain the quality of work. Being organized,the enterprises are introduced to new technology and government's support. Accounts are well maintained and submitted.
Demerits : Organized sector is good for an economy but the enterprises have to work under many regulations and limitations.The sector faces frequent strikes and lock ups from laborers side.Govt. enterprise are characterized by inefficiency and mismanagement.