. How are the activities in the economy classified on the basis of employment conditions

Best Answer

Answer: On the basis of the employment conditions, the economy can be classified into two sectors:

i. Organised Sector: Enterprises registered under the Government of India, who have an employee-friendly environment and are provided with various facilities including high wages.

ii. Unorganised Sector: Small and scattered units which are temporary. The employees in this sector are paid less.